Hungary’s construction sector output down, industrial output up

Here are the latest data from Central Statistical Office (KSH): 

Construction sector output down by 3.9 pc in Dec

Output of Hungary’s construction sector fell by an annual 3.9 percent in December, after rising by 7.6 percent in the previous month, KSH said on Monday.

Output of the buildings segment edged up by 1.1 percent, but civil engineering output slipped by 12.7 percent.

In absolute terms, the sector’s output was at 843 billion forints (EUR 2.2bn) in December. The buildings segment accounted for 68 percent of the total.

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Hungary industrial output up 2.0 pc yr/yr in Dec

Hungarian industrial output increased by an annual 2.0 percent in December, up from 0.6 percent in November, KSH confirmed on Monday in a detailed reading of data.

Output of the automotive industry grew by an annual 34.5 percent, albeit from a low base, and up from 23.7 percent in the previous month.

Output of the computer, electronics and optical equipment segment dropped by an annual 8.1 percent.

Output of the food, drinks and tobacco segment fell by 4.8 percent.

Adjusted for the number of working days, of which there were two fewer in December than in the base period, output increased by 5.7 percent.

For the full year, industrial output climbed by 5.8 percent.

Month on month, output fell by 3.8 percent based on seasonally and working day-adjusted data.

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