The Central Statistical Office (KSH) has announced that output growth of Hungary’s construction sector slowed to an annual 3.3 percent in January, after climbing in the double digits since the spring of 2021, decelerating on a decline in the building segment.
According to official figures, output of the building segment edged down by 0.4 percent, while civil engineering output climbed by 12.9 percent. In absolute terms, construction sector output reached HUF 291.4 billion (EUR 781.7m) in January. The building segment accounted for 65 percent of the total. Month on month, the output fell by 6.3 percent, adjusted for seasonal and workday effects. Order stock in the construction sector was 6.3 percent higher at the end of January than twelve months earlier. Buildings segment orders were down by 5.1 percent but civil engineering orders rose by 15.3 percent. New orders climbed 11.7 percent during the period, as new orders in the buildings segment jumped by 49.7 percent but new civil engineering orders plunged by 39.8 percent.
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KSH: Construction output up 3.3% in Jan
Mar 17, 2022
Output growth of Hungary’s construction sector slowed to an annual 3.3 percent in January, after climbing in the double digits since the spring of 2021, decelerating on a decline in the building segment.