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Construction Sector Output Growth at 14.5% in Oct

MTI-Hungary Today 2021.12.15.

Output of Hungary’s construction sector rose by an annual 14.5 percent in October, the Central Statistical Office (KSH) said on Wednesday.

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

Output of the building segment climbed by 19.7 percent and civil engineering output increased by 9.7 percent.

In a month-on-month comparison, construction sector output rose by 1.1 percent, adjusted for seasonal and workday effects.

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In absolute terms, output reached 518.6 billion forints (EUR 1.4bn) in October. The building segment accounted for 60pc of the total.

featured image illustration via Zsolt Czeglédi/MTI