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Hungary´s Construction Output Falls by 6%
Year-on-year, construction output decreased by 5.9% in 2012 and by 3.1% in December. Over the whole year, both the construction of buildings (7.6%) and civil engineering works (4.0%) decreased.
Hungary´s Construction Output Falls by 6% / Picture: © Vindobona.org
At the same time, the volume of contracts signed by construction enterprises increased by 14.7% in volume year-on-year.
In December, the working day adjusted data was 3.1% lower than a year ago, while there was a 3.4% rise in the seasonally adjusted volume index.
The output of both main groups of constructions changed in opposite…
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