Construction sector output down by 2.5 pc yr/yr in Oct
Output of Hungary’s construction sector fell by an annual 2.5 percent in October, after edging up by 1.6 percent in the previous month, the Central Statistical Office (KSH) said on Thursday.
Output of the buildings segment declined by 3.0 percent and civil engineering output slipped by 0.9 percent.
In absolute terms, construction sector output reached HUF 633.3 billion (EUR 1.6bn) in October. The buildings segment accounted for 60.5 percent of the total.
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Source: MTI
1 Comment
NEVER forget in the accessing of the Economic performance of a country, in this case, the PRESSURIZED factual downward trend of the Hungarian economy, that the ALIGNMENT – of the Construction Industry, falls within the same Family or category as – the Real Estate & the Property Markets.
Construction industry – Real Estate & Property Markets – the (3) three of them, in an Economy that is on the CUSP of falling into a deeper depressive blackening hole, by the Fidesz Political Party under its Leadership of the present Prime Minister of Hungary – Victor Orban – it could be we are witnessing a cataclysmic capitulation.
NOTHING looking at the CORE componentry of the Hungarian Economy is stabilizing but continues to DECLINE.
The NADIR of this decline – distanced from what will be a HUMONGOUS mess for the citizens of Hungary to live in and bear.