KSH: Hungary’s construction output dips 0.2% in November
The volume of construction output in Hungary was down 0.2% in November as compared to the same month a year earlier, while the output of the two main groups of construction – buildings and civil engineering works – reversed directions, Hungary’s Central Statistical Office KSH said.
KSH data shows that the construction volume of buildings grew by 10.2% and that of civil engineering works fell by 8.0% in November in year-on-year terms.
“Out of the divisions of construction, output grew by 6.7% in the construction of buildings and was down by 15.3% in the construction of civil engineering works compared to the high base a year earlier”, KSH reported. “Output rose by 10.4% in the division of specialized construction works, accounting for more than 40% of construction output”, KSH added.
In year-on-year terms, overall volume of new contracts was up by 14.7% in November, with the volume of new contracts expanding by 50.1% in the construction of buildings and shrinking by 11.9% in the construction of civil engineering works, according to KSH data.
In the period of January-November, construction output expanded by 2.8%, while based on seasonally and working day adjusted indices, construction output increased by 3.6% in November in month-on-month terms.
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.