Hungary’s construction sector output climbs over 28 pc in June

Output of Hungary’s construction sector jumped by an annual 28.2 percent in June, rising at the fastest rate since January, data released by the Central Statistical Office (KSH) on Friday show.

Output of the buildings segment was up 15.2 percent, lifted by construction of schools, factories, stores and homes, KSH said. Civil engineering output increased by 48.8 percent, supported by road, railway and utilities projects, it added.

In a month-on-month comparison, construction output rose by 7.2 percent, adjusted for seasonal and workday effects.

For the period January-June, output was up 19.1 percent year-on-year.

In absolute terms, output stood at 320.1 billion forints (EUR 994.1m) in June and 1,252.4 billion in January-June.

Order stock in the sector was up by 62.1 percent at the end of June from twelve months earlier. Stock rose by 7.5 percent in the buildings segment and by 82.9 percent in the civil engineering segment.

New order volume edged up 0.6 percent as new orders for buildings fell by 12.1 percent, but civil engineering orders rose by 8.1 percent.

Commenting on the data, the information and technology ministry said in a statement that EU funds and government measures drove the growth.