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Construction output rises 5.5% yr/yr in December

The output of Hungary's construction sector fell 5.1% in 2008 after a 14.8% decrease in 2007, the Central Statistical Office (KSH) reported.

In December, output of the construction industry rose 5.5% according to unadjusted figures and was up 3.2% according to workday-adjusted figures from the same month a year earlier.

In a month-on-month comparison, construction sector output rose 0.6% from November, according to seasonally- and workday-adjusted data.

Construction sector producer prices rose 5.8% in 2008 and were up 6.2% in Q4 from the same period a year earlier.

Production of the building construction segment fell 10.6% in 2008 as fewer industrial buildings, warehouses and office buildings were built. Output of the civil engineering segment rose 2.5% because of a low base as well as a pickup in big public sector projects.

Output of the complete constructions and civil engineering segment dropped 5.8% and output of the building installation segment fell 8.3%. Output of the building completion segment rose 1.5%.

In December, output of the construction of buildings decreased 15.5% from the same month a year earlier, while civil engineering output rose 39.6%, albeit from a low base.

In a month-on-month comparison, output of the building construction segment fell 3.9% and civil engineering output rose 3.8%.

Stock of orders at construction companies fell 22.5% in December from the same month a year earlier. Building construction orders declined 35.9% and civil engineering orders decreased 1.8%.

New orders rose 10.1% from the same month a year earlier as 39.7% fewer orders were signed in the building construction segment, but new civil engineering orders rose 38.8%. (MTI – Econews)