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Construction sector output picks up by 9.9 percent y/y in May

Output of Hungary's construction sector grew by an annual 9.9 percent in May, accelerating from a 3.2 percent increase in the previous month, the Central Statistical Office (KSH) said on Friday.

Output of the buildings segment grew by 12.0 percent and civil engineering output rose by 7.7 percent.

In absolute terms, construction sector output reached 551.2 billion forints (EUR 1.3bn) in May. The buildings segment accounted for 62 percent of the total.

Month on month, construction sector output rose by 5.8 percent, adjusted for seasonal and workday effects.

For the period January-May, construction sector output increased by 11.5 percent year-on-year.

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