Construction Sector Output Up 24.4% In Hungary In August

  • 16 Oct 2018 11:11 AM
  • Hungary Matters
Construction Sector Output Up 24.4% In Hungary In August
Output of Hungary’s construction sector climbed 24.4% year-on-year in August, data released by the Central Statistical Office (KSH) show.

Output of the buildings segment was up by 10.1%, lifted by construction of factories, stores and homes, KSH said.

Civil engineering output increased by 46.8%, supported by road, railway and utilities projects, it added. In a month-on-month comparison, construction output rose by 1.9%, adjusted for seasonal and workday effects.

For the period January-August, output was up by an annual 22.6%. In absolute terms, output stood at 327.9 billion forints (EUR 1bn) in August and 1,864.9 billion forints in January-August.

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