Construction Output Volume Down 14.7% y.o.y. in September

2020. november 12.

Budapest Business Journal

The volume of construction output based on raw data was 14.7% lower in September 2020 compared to the previous year, according to data published by the Central Statistical Office (KSH). Output decreased in both main groups of construction: in the construction of buildings by 9.1%, in civil engineering by 20.6% compared to the same month of the previous year. Based on seasonally and working-day adjusted indices construction output increased by 1.4% compared to the August data and by 10.9% in comparison with the nadir of May.