Brutal Decline in the Construction Industry: Production Fell by Nearly 10 Percent in One Month, a Third of New Orders Disappeared - but Prices Are Still Rising
5 Articles
5 Articles
The construction industry started the fall with a nearly 10 percent drop: in September, production volume decreased by 9.9%. The outlook for the sector remains rather gloomy, although some encouraging factors may help next year.
The rebound in August was followed by a significant decline in September, while the volume of new contracts decreased by more than a third year-on-year. The ...
In August, the construction of the bottom threshold still cosmeticized the construction industry data, but in September, the Central Statistical Office measured a monthly decline of almost 10 percent. Large-scale investments have stopped, investor demand has slowed, but in road, railway and utility construction, these factors may strengthen price competition. By the end of the year, the performance of the construction industry may fall into nega…
The rebound in August was followed by a significant decline in September, with the volume of new contracts falling by more than a third year-on-year. In the construction industry, production fell by almost ten percent month-on-month.
The Hungarian construction industry is in trouble: the number of new contracts has fallen by 34.5 percent compared to September data a year ago. Large investments have also slowed down, while construction costs have continued to rise, according to the latest data from the Central Statistical Office.
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