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Oct 16, 2018

Hungary’s construction sector output increased by 24.4 percent year-on-year

Official figures show that in absolute terms, output stood at 327.9 billion HUF (1bn EUR) in August and 1,864.9 billion HUF in January to August

Hungary’s construction sector output increased by 24.4 percent year-on-year in August.

According to the latest figures released by the Central Statistical Office (KSH), output of the buildings segment was up by 10.1 percent, lifted by construction of factories, stores and homes.

Official data also shows that civil engineering output increased by 46.8 percent, supported by road, railway and utilities projects.

In a month-on-month comparison, construction output rose by 1.9 percent, adjusted for seasonal and workday effects. For the period January-August, output was up by an annual 22.6 percent.

The numbers show that in absolute terms, output stood at 327.9 billion HUF (1bn EUR) in August and 1,864.9 billion HUF in January to August.