Construction Sector Output Falls 5.6% in November

Output of Hungary's construction sector fell 5.6% year-on-year in November, MTI quotes data released by the Central Statistical Office (KSH) on Wednesday.

Construction sector output declined 3.6% when adjusted for the number of workdays. Output of the buildings segment climbed 7.7%, while civil engineering output dropped 20.0%.

In absolute terms, construction sector output reached HUF 748.5 billion in November. The buildings segment accounted for 60% of the total.

In a month-on-month comparison, construction sector output dropped 7.3%, adjusted for seasonal and workday effects.

Order stock was up 47.6% at the end of November compared to twelve months earlier. Buildings segment orders fell 11.3% but civil engineering orders surged 82.0%.

New order volume fell 5.4% during the period. New orders in the buildings segment increased 2.0% and new civil engineering orders slipped 9.7%.

In January-November, output of the construction sector rose 1.6% from the same period a year earlier.