Hungary construction sector decline slows to 12.3% in August
Output of Hungary's construction sector fell 12.3% in August from the same month a year earlier, dropping at a slower rate than the 15.4% yr/yr decline in July, the Central Statistics Office (KSH) said on Monday.
In a month-on-month comparison, output of the construction sector rose a seasonally- and workday-adjusted 1.6% after declining 0.7% in July.
Output of the building segment fell 21.5% year-on-year to HUF 80.1bn in August after falling 14.9% in July. Output of the civil engineering segment was down 2.6% to HUF 72.2bn after declining 18.3% in July.
The changes in the pace partly reflected base effects in both segments.
Output of the sector fell 10.9% in January-August from the same period a year earlier, after a 10.4% decline in the full year of 2010.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.