Construction sector output down 4.3 percent in December

Output of Hungary's construction sector in December last year dropped by an annual 4.3 percent, the Central Statistical Office (KSH) said on Wednesday.

Output of the buildings segment fell by 6.0 percent while civil engineering output edged down 0.5 percent.

In absolute terms, construction sector output was worth 882 billion forints (EUR 2.8bn) in December last year. The buildings segment accounted for 66 percent of the total.

Month on month, construction sector output rose by 5.1 percent, adjusted for seasonal and working-day effects.

Construction sector output fell by 5.0 percent in 2023 compared to 2022.

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