Construction output down 21% y.o.y in July | The Budapest Business Journal on the web

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 BBJ

 Tuesday, September 15, 2020, 13:45

The amount of building output, based mostly on uncooked knowledge, was 21% decrease in July 2020 in comparison with the excessive base of the earlier 12 months, in response to knowledge by the Central Statistical Workplace (KSH).

In comparison with July 2019, output decreased in each essential teams of building: within the building of buildings by 18.8%, in civil engineering by 22.9%.

The amount of recent contracts concluded decreased by 41.5%, inside it the amount of recent contracts for the development of buildings fell by 38.7%, the amount for civil engineering works dropped by 43.6%.

The amount of the July end-of-month inventory of contracts at building enterprises was 21% decrease than on the finish of July 2019. The amount of contracts elevated by 5% for the development of buildings and decreased by 31.4% for civil engineering works in comparison with the earlier 12 months.

Primarily based on seasonally and working-day adjusted indices building output elevated by 3.5% in comparison with June 2020 knowledge.

The adverse financial results of the coronavirus pandemic on the development business had been important in July, KSH notes.

In January-July 2020, building output lessened by 9.8% in comparison with the identical interval of the earlier 12 months.

 

 

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