KSH: Hungary’s construction output up 8.1% in September

Construction

Hungary’s construction output volume saw a year-on-year rise of 8.1% in September, with the construction of buildings growing by 6% and that of civil engineering works by 9.9%, Hungary’s Central Statistical Office reported.

“Out of the divisions of construction, output grew by 3.4% in the division of construction of buildings and was up by 7.7% in the construction of civil engineering works. Output rose by 10.8% in the division of specialized construction works, accounting for more than 40% of construction output,” KSH said.

The volume of new contracts saw a y.o.y. rise of 16%, expanding by nearly 35% in the construction of buildings and by 3.1% in the construction of civil engineering works, KSH reported.

“The September increase in new contracts could not compensate for a more than year-long recession, so the volume of the contract portfolio of construction companies at the end of September 2015 continued to be about 49% lower than a year earlier. Within this, the volume of the stock of contracts increased by 6.5% for the construction of buildings and fell by 61% for the construction of civil engineering works, compared to a year earlier,” KSH said.

KSH data suggest that in the period of January-September, construction output expanded by 4.7% in year-on-year terms, while in the third quarter, construction producer prices rose by 2.7%.

ADVERTISEMENT

Almost half of Hungarians get fringe benefits, survey shows Analysis

Almost half of Hungarians get fringe benefits, survey shows

Operative corps for economic recovery decides on further mea... Government

Operative corps for economic recovery decides on further mea...

Healthcare Roadshow Highlights Innovation, Screening Awarene... Interview

Healthcare Roadshow Highlights Innovation, Screening Awarene...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried 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.