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Financial News: Hungary Construction Output Falls For Seventh Month

Hungary Construction Output Falls For Seventh Month

11/12/2020 - 06:43:00 (RTTNews)

(RTTNews) - Hungary construction output declined for the seventh straight month in September, data from the Hungarian Central Statistical Office showed on Thursday.

Hungary construction output declined 14.7 percent year-on-year in September, following a 13.5 percent fall in August.

Among the main groups, construction of buildings decreased by 9.1 percent and the civil engineering works fell by 20.6 percent.

On a seasonally adjusted basis, the construction output increased 1.4 percent monthly in September, following a 1.9 percent fall in the previous month.

In the third quarter, construction producer prices rose 7.0 percent yearly.

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