HUF 4,000 bn industry still driven by housing
In quarterly terms
One of them is the construction of a new athletics stadium in Budapest
Pre-crisis output levels still far off
This is the consequence of mounting uncertainties
Still no improvement after H1 slump
All four invited firms submit bids for bridge renovation
Production rises in August 2020
Outlook's not so bright
Government to pay half the cost for families
Lower small business tax, higher excise on tobacco, free spirits
IMF to release updated growth forecast this week
Estimates revised
Output still down 21% yr/yr
Output 6.2% higher than in May
Value of projects started would have been dramatic in Q2 without these
Meanwhile, completions are close to ten-year high
Dark clouds gather as building permits are down 32% yr/yr
Coronavirus pandemic squeezes construction sector too