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Construction Sector Output Up 12.3 pc in November

MTI-Hungary Today 2022.01.14.

The output of Hungary’s construction sector rose by an annual 12.3 percent in November, the Central Statistical Office (KSH) said on Friday.

The pace of the increase slowed from 14.5 percent in the previous month.

The output of the building segment climbed by 11.6 percent and civil engineering output increased by 14.8 percent.

Construction Sector Output Growth at 14.5% in Oct
Construction Sector Output Growth at 14.5% in Oct

The pace of the increase edged up from 14.2 percent in the previous month.Continue reading

Month on month, construction sector output rose by 4.9 percent, adjusted for seasonal and working day effects.

In absolute terms, the output was at 599.7 billion forints (EUR 1.7bn) in November. The building segment accounted for 55 percent of the total.

Featured photo illustration by Zoltán Balogh/MTI