Hungarian Construction Output Surges In March

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.

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