Hungary construction sector rebounds in January

Hungary’s construction sector output rose by an annual 11 percent in January, returning to double-digit growth after nearly a year of contraction punctuated by a couple of months of modest expansion, the Central Statistical Office (KSH) said on Tuesday.

Output of the buildings segment increased by 10 percent, while civil engineering output rose by 12.8 percent.

Month on month, output grew by 7.4 percent based on seasonally and working day-adjusted data.

In absolute terms, construction sector output came to 240.2 billion forints in January, including 155.8 billion in the buildings segment and 84.4 billion in civil engineering.

(HUF 100 = EUR 0.2729)

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