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CONSTRUCTION SECTOR OUTPUT REBOUNDS FROM LOW BASE IN MAY

 

Output of Hungary’s construction sector rose by an annual 18.7% in May, recovering from a double-digit decline in the base period, the Central Statistical Office (KSH) said on Thursday. Output of the civil engineering segment edged down 0.8%, but building segment output jumped 38.6%. In absolute terms, output reached 405.2 billion forints (EUR 1.1bn). The building segment accounted for 58% of the total.