Hungary construction sector confidence edges down

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A gauge of sentiment in Hungary's construction sector by economic research company GKI edged down in March after rising significantly in February, business daily Napi Gazdaság said on Thursday. Companies' assessment of their output in the previous three months worsened in March. Just over half said output had dropped. The percentage of companies who said order stock was lower climbed to 65% in March from 61% in February. Still, the percentage was well under the 73% recorded a year earlier. About 14% of the companies surveyed planned to raise headcount, but 24% said they expected to make layoffs. About 19% of the companies expect prices to fall in the coming three months.

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