FX.co ★ Hungary Construction Output Growth Improves

Hungary's construction output growth accelerated for the first time in three months in May, data from the Hungarian Central Statistical Office showed on Friday.

Construction output advanced 9.9 percent year-on-year in May, well above the 3.2 percent gain in April. Output has been rising since May 2021.

Among the main groups, construction of buildings logged a double-digit growth of 12.0 percent annually in May, and civil engineering works grew 7.7 percent.

On a monthly basis, construction output recovered strongly by a seasonally adjusted 5.8 percent from April, when it fell by 5.9 percent.