Hungary's Construction Sector Output Falls 3.4%

  • 15 May 2020 7:39 AM
  • Hungary Matters
Hungary's Construction Sector Output Falls 3.4%
The output of Hungary’s construction sector fell by 3.4% year on year in March, the steepest decline in more than three years, as the government introduced movement restrictions because of the coronavirus pandemic, data released by the Central Statistical Office (KSH) show.

Commenting on the data, Anita Boros, the state secretary of the innovation and technology ministry, said the decline was “moderate” thanks to the government’s economic protection efforts, which allocated 65 billion forints to aiding the construction industry.

That funding went mainly to development and job preservation in SMEs, she said. The 2020 decline was also from a high base in 2019, she added.

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Hungary's Construction Sector Contracts Just 3-5%

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