Construction sector output grew by around 25-27% - ÉVOSZ
Hungaryʼs construction sector output grew by around 25-27% in 2019, László Koji, who heads professional association ÉVOSZ, said on public television on Friday, noting that data for November and December were not yet available, state news wire MTI reports.
Koji said that all subsectors expanded and the output of the sector as a whole should be above HUF 4 trillion and it could have contributed around 1.1 percentage points to GDP growth.
Labor shortage in the sector should diminish in 2020 as pressure to grow will be lighter than in the previous three years, Koji said. Construction output could grow by 5-6% in 2020 and the year will be about increasing efficiency of the 340,000 workers employed in the sector.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
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.
