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Construction Sector Output Jumps 68 pc in March

MTI-Hungary Today 2019.05.14.

Hungarian construction output jumped by an annual 67.6 percent in March, the Central Statistical Office (KSH) said on Tuesday.

Output of the buildings segment increased by 62.3 percent, while civil engineering output grew by 78.8 percent.

In absolute terms, construction output was valued at 342.5 billion forints (EUR 1.06bn).

For the period January-March, output rose by an annual 48.2 percent and its value was 777.8 billion forints.

Hungary industry output up 8 pc yr/yr in March, KSH confirms

Industrial output in Hungary grew by an annual 8 percent in March, the Central Statistical Office (KSH) said on Tuesday, quoting a second estimate of the data.

Output of Hungary’s automotive sector grew by an annual 12.8 percent in March, the highest rate in two-and-a-half years, detailed data show.

The automotive sector accounts for about 30 percent of manufacturing output.

Trade Minister: Hungary among World’s Top 10 Investment Destinations

Output of the computer, electronics and optical equipment sector, which accounts for around 12 percent of manufacturing output, rose by 7.8 percent.

Output of food, drink and tobacco products increased by 4.7 percent. The sector generates almost 10 percent of manufacturing output.

Featured photo illustration by pixabay.com