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CONSTRUCTION SECTOR OUTPUT CLIMBS 29.1% IN JAN

 

Output of Hungary’s construction sector rose by an annual 29.1% in January, the Central Statistical Office (KSH) said. Output of the building segment rose by 28.2% during the period. Output of the civil engineering segment jumped 32.2%. KSH said output of the building segment was lifted by the construction of factories and office buildings. In the civil engineering segment, the rise came from the construction of roads and railways. In a seasonally and workday adjusted month-on-month comparison, output rose by 9.8%. Output of the building segment was up by an adjusted 21.7% in a month and output of the civil engineering segment dropped by 17.2%. In absolute terms, at current prices, the output of the sector rose to 197.0 billion forints (EUR 626.1m) in January from 138.1 billion forints a year earlier. New order stock volume increased by 16.9% year on year, albeit from a low base. New orders in the building sector rose by 30.8%, reflecting large-value contracts for industrial, cultural and sports projects. New civil engineering orders were down by 24.0%. Order stock volume at the end of January was up by 1.0% from the same period twelve months earlier. Orders in the building segment were up by 30.5% but orders in the civil engineering segment dropped by 7.4%. In absolute terms, order stock of the construction sector reached 2,357.0 billion forints at the end of January.