Sales volume of building materials declines
The sales volume of building materials and products used for high-rise construction, especially for residential construction, may have decreased by as much as 5%-15% in Q2 and in July compared to the same period in 2019, according to the Hungarian Building Materials Association (MÉASZ), writes uzletem.hu.
According to the association, this is related to the general stagnation caused by the coronavirus epidemic, but in addition, the turnover of building materials closely followed the material needs of expiring, discounted new housing projects, amounting to a relatively small number of new housing projects.
MÉASZ hopes that government decisions in the fall will lead to economic protection measures that support and encourage investment, which will help to maintain and increase the growing contribution of the construction sector to national GDP.
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.