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Construction output edges 0.3 percent lower in December, contracts 9.1 percent for full year

Output of Hungary's construction sector edged down 0.3 percent year-on-year in December, the Central Statistical Office (KSH) said.

Output of the buildings segment climbed 15.1 percent, but civil engineering output dropped 16.5 percent.

In absolute terms, construction sector output reached 482.8 billion forints (EUR 1.3bn) in December, including 285.6 billion forints in the buildings segment and 197.2 billion forints for civil engineering.

For the full year, construction sector output dropped 9.1 percent, as the buildings segment contracted 5.7 percent and civil engineering output declined 13.1 percent.

In absolute terms, construction sector output came to 4,270.4 billion forints. Building segment output reached 2,414.8 billion forints and civil engineering output 1,855.6 billion forints.

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