Hungary Construction Output Decreases In December

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Hungary’s construction output declined in December after rising in the previous month, data from the Hungarian Central Statistical Office showed on Monday.

Construction output declined 0.3 percent year-on-year in December, after a 4.0 percent rise in November.

Among the main groups, construction of buildings gained by 15.1 percent and the civil engineering works fell by 16.5 percent.

On a seasonally adjusted basis, the construction output decreased 3.1 percent monthly in December, after a 11.4 percent growth in the previous month. Construction output dropped for the first time in seven months.

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

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