Hungary’s construction output picks up 1.9% y/y in July 2013

By bne IntelliNews September 17, 2013

Hungary’s construction output grew by 1.9% y/y in both unadjusted and working day-adjusted terms in July 2013, extending an upward trend that started in February 2013, data from the statistics office showed.

However, in seasonally-adjusted terms, the output fell 1.6% m/m in July, after stagnating in June 2013.

The annual growth was due to low base effects and the growth in construction of buildings, the statistics office said.

The output of buildings advanced by 3.4% y/y, while the civil engineering sector witnessed a 0.6% y/y drop in the month.

The volume of new construction orders increased by 34.9% y/y, pushed up by a 52.8% y/y rise in the civil engineering division and a 1.6% y/y rise in the building construction.

The total stock of orders at end-July 2013 was 19% higher on the year, while a month earlier it rose by 11.7% y/y.

In cumulative terms, the construction output grew 6.2% y/y in Jan-Jul 2013.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Hungarian unions in full gear for first country-wide strike at Tesco stores

Union leaders are preparing for the first country-wide strike at Tesco stores in Hungary, which has unanimous support from workers, local media reported on September 4. This is just the latest in ... more

Russian development bank IIB signs off on debut Hungarian credit facility

The Moscow-based International Investment Bank (IIB) announced on August 9 that it has signed off on its debut credit facility in Hungary. The Russian-led IIB decided around five years ... more

Central Europe’s factories remain busy despite a summer lull in PMIs

Manufacturers in Central Europe reported a step back in activity and confidence in July, purchasing managers’ indices (PMI) released by IHS Markit on August 1 showed. While, the indicators still ... more

Most Read

  1. STOLYPIN: Russia balances wargames with mindgames in Zapad exercises
    1 day ago
  2. Volkswagen doubles exports of Russia-made cars
    6 days ago
  3. ISTANBUL BLOG: Commerzbank ignites quarrel claiming Turkey’s official growth figures are “more than questionable”
    9 days ago
  4. Romania’s media sector in turmoil
    9 days ago
  5. Mongolian government crisis prompts IMF to delay first payments under $5.5bn bailout
    7 days ago
  1. Hungary threatens to block Romania’s OECD accession
    15 days ago
  2. ISTANBUL BLOG: Commerzbank ignites quarrel claiming Turkey’s official growth figures are “more than questionable”
    9 days ago
  3. Economists tangle over risk of a Greek-style collapse in Turkey
    19 days ago
  4. Wild capitalism threatens the untamed rivers of Southeast Europe
    1 month ago
  5. Russia’s government moves from war budget to election budget
    27 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss