Hungarian construction industry closed a bad month in May, with production down
Based on raw data, the Hungarian construction industry output volume surpassed the previous year’s level by 7.2% in May 2024. Out of the main groups of construction, the construction of buildings increased by 11.2%, and that of civil engineering grew by 1.1%. Based on seasonally and working day adjusted indices, construction output was 3.8% lower than in April, the Central Statistical Office (KSH) said on Monday.
In May 2024, compared to the same month of the previous year:
According to KSH, the output of both main construction groups grew: building construction rose by 11.2%, and civil engineering grew by 1.1%.
Among the divisions of construction, production volume increased by 12.5% in building construction and decreased by 12.4% in civil engineering. Production in specialised construction activities, which have the largest weight in construction, expanded by 14.8%.
The volume of new contracts concluded lessened by 1.3%. Within it the volume of contracts for the construction of buildings increased by 5.0%, that for civil engineering decreased by 9.0%, year-on-year.
The volume of the end-of-May stock of contracts at construction enterprises was 6.0% higher than in the same period of the previous year. Within this, the volume of contracts was up by 2.5% for building construction and grew by 9.3% for civil engineering works.
In the first five months of 2024 compared to the same period of the previous year:
Production volume in construction grew by 6.1%.
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PRESSURIZATION – increases across the BROAD spectrum, of the Hungarian Economic and Financial picture outlook.
Sustainability – has been continues to BE – through no FACTUAL reason(s) / evidence – as to WHY, the Hungarian Economy, can not DESCEND to deeper cataclysmic DECLINE.
We HURT growing in numbers – millions of Hungarians, that see’s over 3 million of us living in POVERTY – growing in destitute to maintain life, of any recognizable quality, that a “window of hope, is not visible on the horizon, but that THUNDERSTORMS are visible, building, that in there force, the aftermath of there DELUGE there impact on Hungary, will be Horrid.