The output of Hungary’s construction sector fell by an annual 7.2% in April, after growing by 4.3% in the previous month, the Central Statistical Office (KSH) said on Tuesday.
The April decline came from a low base as the country was in pandemic lockdown in the same period of 2020. Output of the buildings segment edged down by 0.8%, while civil engineering output dropped by 14.5%. In monthly comparison, seasonally and workday-adjusted output fell by 7.3%. In absolute terms, construction sector output came to 329.9 billion forints (EUR 943.5m) for the month. The building segment accounted for close to 59% of the total.