fbpx
Facts & Statistics

Construction output rose 22.5 percent in July

In July, production increased in all three construction sectors, and the volume of new contracts increased by 47.3 percent.

Construction of buildings rose 21.1 percent and that of other structures 25.4 percent from an extremely low base last July. After a two-month increase, compared to the previous month, seasonally and working-day adjusted production decreased by 0.4 percent, the Central Statistical Office (KSH) said.

In July 2020, the construction of buildings fell by 16.5 percent and the performance of civil engineering fell by 25.2 percent, while construction output fell by 21.0 percent compared to the same period of 2019.

In July 2021, production increased in all three construction sectors. The construction of buildings increased by 27.4 percent, construction of other structures rose by 11.0 percent, and special construction grew by 27.3 percent, compared to July 2020.

The volume of new contracts increased by 47.3 percent, of which contracts for high-rise construction were 38.3 percent and those for civil engineering 56.5 percent higher than in July 2020.

The contract portfolio of construction companies at the end of July was 19.1 percent higher than in 2020. The volume of contracts for building construction was 32.6 percent and for other constructions 10.4 percent higher than a year earlier.

In the first seven months of the year, construction output increased by 9.8 percent compared to the same period last year.

Source
www.novekedes.hu
Show More

Related Articles

Back to top button