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Jul 14, 2017

Hungary's volume of construction output grew by 35.4 percent year-on-year

Hungary's output increased in both main construction groups, in the construction of buildings and in civil engineering works

Hungary’s Central Statistical Office (KSH) has said that the country's volume of construction output grew by 35.4 percent in May, compared to the same month in 2016.

According to the Budapest Business Journal, Hungary's output increased in both main construction groups, by 27.2 percent in the construction of buildings and by 46.7 percent in civil engineering works.

The volume of new contracts increased by 53.2 percent compared to the same period last year. The volume of contracts decreased by 12 percent for buildings but grew by 99.5 percent for civil engineering works, KSH revealed.

The month-end volume of the stock of contracts of construction enterprises for May was 94.3 percent higher than the previous yearʼs low base. Within this, the volume of the stock of contracts was 38.5 percent higher for buildings and 132 percent higher for civil engineering works.