Hungary Construction Output Surges In March

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Hungary’s construction output grew in March after falling in the previous month, data from the Hungarian Central Statistical Office showed on Thursday.

Construction output accelerated 4.3 percent year-on-year in March, after a 17.2 percent drop in February. In January, output rose 7.0 percent.

Among the main groups, construction of buildings gained by 6.4 percent and the civil engineering works remained unchanged.

On a seasonally adjusted basis, the construction output increased 11.5 percent monthly in March, after a 10.4 percent fall in the previous month.

In the first quarter, construction output declined 2.0 percent yearly.

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

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