Hungarian construction sector output grew by an annual 10.5 percent in March, slowing from an increase of 38.5 percent in the previous month, the Central Statistical Office (KSH) said on Friday. Meanwhile, Hungarian industrial output grew by an annual 3.6 percent in March, slowing from 4.8 percent in the previous month, the Central Statistical Office (KSH) said on Friday in a second reading of the data.
Building segment output rose by 10.6 percent, while civil engineering output was up 11.4 percent. Overall, construction sector output was worth 521.8 billion forints (EUR 1.36bn) in March, with the building segment making up 68 percent of the total.
Hungarian industrial output grew by an annual 3.6 percent in March, slowing from 4.8 percent in the previous month, the Central Statistical Office (KSH) said on Friday in a second reading of the data. Adjusted for the number of working days, output grew by 4.2 percent. Month on month, output eased by 0.1 percent, based on seasonally and working day-adjusted data.
In January-March, industrial output increased by 5.5 percent from the same period a year earlier.
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Output of automotive companies dropped by an annual 13.3 percent in March. The segment, which accounted for 22 percent of manufacturing sector output in March, continued to be challenged by the semiconductor shortage and supply chain problems, KSH said.
The detailed data show
output of the computer, electronics and optical equipment segment, accounting for 11 percent of manufacturing, increased by an annual 6.3 percent.
Output of the food, drinks and tobacco segment, which also made of 11 percent of manufacturing sector output, rose by 10.2 percent.
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Source: MTI
