KSH: Hungary’s construction sector output up 12.7% in March

Construction

The output of the Hungarian construction sector saw a year-on-year rise of 12.7%, accelerating from a 4.9% rise in the previous month, the Central Statistics Office (KSH) said today. Output of the buildings segment rose by 9.8% in March and output of the civil engineering segment was up 16.4%, while, construction sector output reached HUF 178.5 bln in absolute terms.

KSH said that output rose by 2.3% in the division of construction of buildings and increased by 15.8% in the construction of civil engineering works. Output rose by 16.9% in the division of specialized construction works, accounting for more than 40% of construction output.

The office noted that the volume of new contracts was 34.6% lower. The volume of new contracts decreased by 40.2% in the construction of buildings and fell by 29.9% in the construction of civil engineering works compared to March 2014.

At the end of March 2015, due to a fall in new contracts in the past months, the volume of stock of contracts was 31.1% lower than a year earlier, KSH said. Within this, the volume of the stock of contracts decreased by 12.5% for the construction of buildings and fell by 34.4% for the construction of civil engineering works.

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