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Construction sector up 3.0 percent in July

Output of Hungary's construction sector rose by an annual 3.0 percent in July, after shrinking by 8.1 percent in the previous month, the Central Statistics Office (KSH) said on Thursday in a first reading of data.

Output of the buildings segment edged up by 0.5 percent and civil engineering output increased by 7 percent.

In absolute terms, construction sector output reached 601.1 billion forints (EUR 1.5bn) in July. The buildings segment accounted for 52 percent of the total.

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

For the period January-July, construction sector output increased by an annual 6.3 percent.

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