UPDATE - Hungary construction sector decline accelerates to 15.4% in July

Construction

Output of Hungary's construction sector fell 15.4% in July from the same month a year earlier, dropping at a faster rate than the 13.9% decline in June, the Central Statistics Office (KSH) said on Friday.

Output of the building segment fell 14.9% year-on-year to HUF 69.2 billion in July after falling 17.2% in June. Output of the civil engineering segment dipped 18.3% to HUF 67.5 billion after declining 10.5% in June.

In a month-on-month comparison, output of the construction sector fell a seasonally- and workday-adjusted 0.8% after declining 5.6% in June.

Output of the sector fell 10.6% in January-July from the same period a year earlier.

Stock of construction sector orders was down 37.4% at the end of July from twelve months earlier. Order stock was HUF 558.6 billion at current prices.

The value of new orders signed in July reached HUF 124.6 billion, down 8.0% from twelve months earlier. New orders in the building segment were down 17.7% at HUF 47.9 billion. New orders in the civil engineering segment fell 0.7% to HUF 76.6 billion.

ADVERTISEMENT

Czech economic confidence weakens in September Analysis

Czech economic confidence weakens in September

Parl't extends pandemic legal provisions Parliament

Parl't extends pandemic legal provisions

Energy Efficiency: End-users, Energy Traders and Other Stake... Inside View

Energy Efficiency: End-users, Energy Traders and Other Stake...

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.