Hungary construction sector decline slows to 8.5% yr/yr in October

Construction

Output of Hungary’s construction sector was down 8.5% in October from the same month a year earlier, with the decline slowing down from 12.0% a month earlier thanks to road and railway construction projects, the Central Statistics Office (KSH) said on Friday.

In a month-on-month comparison, construction sector output was unchanged according to seasonally- and workday-adjusted figures after falling 2.0% in September.

Output of the building segment fell 16.8% year-on-year in October after falling 23.0% in September.

Output of the civil engineering segment was down 0.5% in the twelve months to October after rising 1.4% yr/yr in September, the first yr/yr rise in the segment since January 2010.

Output of the sector fell 10.3% in January-October from the same period a year earlier after a 10.4% decline in the full year of 2010.

ADVERTISEMENT

EU-funded fact-checking website in Hungary launches Analysis

EU-funded fact-checking website in Hungary launches

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
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.