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Hungarian Construction Industry Shrinks
In August 2012, construction decreased by 5.3% in output year-on-year. The construction of buildings decreased by one tenth, while that of civil engineering works grew slightly.
Hungarian Construction Industry Shrinks / Picture: © Vindobona.org
In August 2012, construction decreased by 5.3% in output year-on-year, according to both unadjusted and working day adjusted indices. Output went down by a seasonally adjusted 5.3% month-on-month. Output was 7.0% lower year-on-year in the first eight months of 2012.
Of the two main groups of constructions, the long lasting fall of construction of buildings also…
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