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KSH: Hungary's construction sector output down 2.2% in December

Construction

The output of Hungary's construction sector dropped by a year-on-year 2.2% in December, falling for the first time in the past two years, the Central Statistics Office (KSH) reported today.

Output decreased by 4.9% in the construction of buildings and was up by 1.2% in the case of civil engineering. In 2014 output grew by 14.2% compared to 2013. Within this, the construction of buildings grew by 4.2% while that of civil engineering works increased by 24.8%. On average, construction producer prices rose year-on-year by 2.1% in 2014.

Seasonally and working-day adjusted, the volume of production in December was 6.4% lower than in November. The sector's output rose 8.5% in November. In absolute terms, at current prices, the output of the sector reached HUF 217.9 bln in December.

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