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Hungary: Construction Industry Suffers From Decline
Year-on-year, construction output decreased by 4.1% in January 2013 according to both unadjusted and working day adjusted indices. Output went down by a seasonally adjusted 1.5% month-on-month.
Hungary: Construction Industry Suffers From Decline / Picture: © Vindobona.org
When analyzing data, it should be taken into account that the average production of the section of construction in January is around 60% of the output of an average month. The output of the two main groups of constructions changed in opposite directions in January. The construction of buildings lessened by 6.8%, while that of civil engineering works showed a decrease of 0.1%. Based on…
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