Hungary’s construction sector falling drastically

Output of Hungary’s construction sector dropped by an annual 12.0 percent in May, falling for the sixth month in a row and at a faster clip, data released by the Central Statistical Office (KSH) on Friday show.

Output of the buildings segment dropped by 13.2 percent and civil engineering output was down 10.0 percent. In a month-on-month comparison, output dropped a seasonally and workday-adjusted 1.7 percent.