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Hungary Construction Output Growth Eases In August

Hungary’s construction output grew for the fifth straight month in August, albeit at a softer pace, data from the Hungarian Central Statistical Office showed on Thursday.

Construction output gained 10.2 percent year-on-year in August, after a 22.5 percent growth in July.

Among the main groups, construction of buildings surged by 16.3 percent and the civil engineering works increased 2.4 percent.

On a seasonally adjusted basis, the construction output decreased 5.8 percent monthly in August, following a 0.5 percent fall in the previous month.

The material has been provided by InstaForex Company – www.instaforex.com