Hungary’s Construction Sector Output Up 25.8% In September

  • 13 Nov 2018 7:37 AM
  • Hungary Matters
Hungary’s Construction Sector Output Up 25.8% In September
Output of Hungary’s construction sector climbed 25.8% year-on-year in September, data released by the Central Statistical Office (KSH) show.

Output of the buildings segment was up by 22.2%, lifted by construction of factories, stores and homes, KSH said.

Civil engineering output increased by 30.5%, supported by road, railway and utilities projects, it added.

In a monthon-month comparison, construction output dropped by 0.2%, adjusted for seasonal and workday effects. For the period January-September, output was up by an annual 22.8%.

In absolute terms, output stood at 375.3 billion forints (EUR 1.17bn) in September and at 2,235.8 billion forints in January-September. Order stock in the sector was up by 42.5% at the end of September from twelve months earlier.

Stock fell by 4.7% in the buildings segment but rose by 58.4% in the civil engineering segment. New order volume was down by 34.0% as new orders for buildings dropped by 9.3% and civil engineering orders fell by 46.1%.

László Koji, the head of industry association ÉVOSZ, said they are forecasting construction sector output to grow by 20-22%, a higher rate than their earlier prediction of 18%.

András Horváth of Takarékbank projected construction sector output growth at around 22% for this year and somewhat above 15% in 2019.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.

Explore More Reports

  • Construction Sector Output Climbs Over 28% In June

    Construction Sector Output Climbs Over 28% In June

    • 13 Aug 2018 9:25 AM

    Output of Hungary’s construction sector jumped by an annual 28.2% in June, rising at the fastest rate since January, data released by the Central Statistical Office (KSH) show.

  • Construction Sector Output Up 14% In April

    Construction Sector Output Up 14% In April

    • 18 Jun 2018 7:41 AM

    Output of Hungary’s construction sector climbed by an annual 14.2% in April, data released by the Central Statistical Office (KSH) on Friday show. Output of the building segment rose 7.0% and civil engineering output climbed 24.9%. For the period January-April, construction sector output was up 17.5% year-on-year.