KSH: Construction output up 11.4% in 2013

Construction

Today’s release from the Central Statistics Office (KSH) focuses on the construction industry, with the latest round of figures showing an increase of 11.4% year-on-year in December. For 2013 as a whole, KSH reports that a 9.6% y.o.y. upswing was seen.

Building construction and civil-engineering projects increased over 2013 by 10.4% and 8.6%, respectively, while the volume of new contracts signed by construction enterprises was 29.5% higher y.o.y.

In December 2013, a month-on-month decrease of 1.3% in the seasonally- and workday-adjusted production was observed.

Output rose y.o.y. in both main groups of constructions, i.e. in the construction of buildings and civil engineering works by 12.8% and 9.3% respectively. Based on seasonally adjusted indices, the construction of buildings was down by 1.0% while that of civil engineering works rose by 0.2% m.o.m.

At the end of December 2013, the stock of orders of construction enterprises was 64.9% higher than a year ago. The stock of orders for buildings was 9.0% higher than one year before, while that for civil engineering works increased 85.0%.

Construction producer prices rose by 2.3% y.o.y. for the fourth quarter.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.