• Home
• Channel: Property
• Construction Sector Output Falls 7.2% in April

Construction Sector Output Falls 7.2% in April

• 16 Jun 2021 6:30 AM
• Hungary Matters

The output of Hungary’s construction sector fell by an annual 7.2% in April, after growing by 4.3% in the previous month, the Central Statistical Office (KSH) said on Tuesday.

The April decline came from a low base as the country was in pandemic lockdown in the same period of 2020.

Output of the buildings segment edged down by 0.8%, while civil engineering output dropped by 14.5%. In monthly comparison, seasonally and workday-adjusted output fell by 7.3%.

In absolute terms, construction sector output came to 329.9 billion forints (EUR 943.5m) for the month.

The building segment accounted for close to 59% of the total.

Click here to read the full report on KSH's website



 

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Construction Sector

XpatLoop Media Partner

Hungary Matters

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.

Explore More Reports

Home Completions in Hungary Around 15,000 This Year

• 6 Mar 2024 6:01 AM

The number of homes completed in 2024 could approach 15,000, construction industry association ÉVOSZ said.



Residential Market Recovery: Surge of Foreign Real Estate Investors Expected in Hungary

• 7 Feb 2024 8:05 AM

A surge of foreign investors may emerge in the Hungarian real estate market due to a new regulation, according to an analysis conducted by ingatlan.com.



New Orders Down Dramatically: Construction Sector Falls 6% Overall this September in Hungary

• 14 Nov 2023 12:14 PM

Output of Hungary’s construction sector fell by 6.0% year-on-year in September, after edging down 0.1% in the previous month, data released by the Central Statistical Office (KSH) show.



EC Refers Hungary to Court Regarding Fixed Prices for Building Materials

• 17 Jul 2023 8:40 AM

The European Commission announced on Friday that a decision had been made to refer Hungary to the Court of Justice of the European Union (CJEU) regarding rules introducing fixed prices for building materials, hefty penalty payments for non-respect of these fixed prices, and production obligations for building materials and raw materials for the construction sector.