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Construction Output Contracts 9.1% for Full Year

MTI-Hungary Today 2021.02.15.

Output of Hungary’s construction sector edged down 0.3 percent year-on-year in December, the Central Statistical Office (KSH) said on Monday.

Output of the buildings segment climbed 15.1 percent, but civil engineering output dropped 16.5 percent.

In absolute terms, construction sector output reached 482.8 billion forints (EUR 1.3bn) in December, including 285.6 billion forints in the buildings segment and 197.2 billion forints for civil engineering.

For the full year, construction sector output dropped 9.1 percent, as the buildings segment contracted 5.7 percent and civil engineering output declined 13.1 percent.

Industrial Output Down 6.1 pc in 2020
Industrial Output Down 6.1 pc in 2020

Industrial output in Hungary was down by an annual 6.1 percent in 2020, the Central Statistical Office (KSH) said on Friday, confirming its first reading of data. Headline industrial output increased by 5.8 percent year-on-year in December, a rise that was supported by two additional workdays in the period. Adjusted for those extra workdays, industrial […]Continue reading

In absolute terms, construction sector output came to 4,270.4 billion forints. Building segment output reached 2,414.8 billion forints and civil engineering output 1,855.6 billion forints.

featured image illustration via Sándor Ujvári/MTI