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Hungary's Construction Sector Contracts Just 3-5%

• 12 May 2020 8:10 AM
• Hungary Matters

Hungary’s construction sector declined and annual 3-5% in the year to date, according to data compiled by industry association EVOSZ, well under the 15-20% decline for construction companies across the European Union estimated by the European Construction Industry Federation (FIEC), EVOSZ said.

Last week’s review showed order stock down 18-20% from a year earlier, making the decline in new orders the biggest concern for the sector, it added.

The association noted that the number of public procurements for construction projects Jan. 1-May 6 came to just 999, with a value of 498.6 billion forints, down from 1,489 projects with a value of 509.8 billion in the same period a year earlier.


Photo Credit: Sawinery.net

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Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

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