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July construction output up 3.4 percent yr/yr

Output of Hungary's construction sector grew by an annual 3.4 percent in July, after contracting for seven months, the Central Statistical Office (KSH) said on Friday.

Output of the buildings segment rose by 11.6 percent while civil engineering output dropped by 5 percent.

In absolute terms, construction sector output was worth 675.7 billion forints in July.

Month on month, output increased by 8.5 percent, adjusted for seasonal and working day effects.

Order stock was 24.4 percent lower at the end of July than twelve months earlier, while new orders slipped by 7 percent during the period.

In January-July, output fell by 5.3 percent from the base period.

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