KSH: Hungary’s construction sector grows 10.2% in June

Construction

Output of the construction sector in Hungary saw a year-on-year rise of 10.2% in June, edging up a seasonally- and workday-adjusted month-on-month 0.5%, the Central Statistical Office (KSH) said today in a first reading of data.

KSH said that output increased in both main groups of construction. The construction of buildings grew by 5.6% and that of civil engineering works rose by 14.9%, data by KSH suggest.

Out of the divisions of construction, output increased by 24.7% in the construction of buildings and by 15.7% in the construction of civil engineering works, while output was down 1.3% in the division of specialized construction works, accounting for more than 40% of construction output, KSH said.

The volume of new contracts was 10.4% lower. The volume of new contracts decreased by 8.6% in the construction of buildings and by 10.4% in the construction of civil engineering works, according to KSH.

At the end of June 2015, due to a fall in new contracts in the past few months, the stock of contracts was 48.5% lower than a year earlier. Within this, the stock of contracts decreased by 22.0% for the construction of buildings and fell by 54.0% for the construction of civil engineering works.

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