New Market Research Report: Hungary Infrastructure Report Q4 2015

We expect slower growth in Hungary's construction sector from 2016 onwards as the government's stimulus for the infrastructure sector comes to an end. EU funding will continue to support the sector - particularly strategic road and rail projects, although we caution the EU probe into cartel allegations in road construction could damage relations with a key financier in the European Commission.

Strong growth in Hungary's construction sector is not expected to be long term as we expect a rising fiscal deficit to necessitate a drawback in public investment. It is also likely there will be a slowdown in spending during 2015, as the government enforces spending cuts. Between 2016-2024, we expect construction sector real growth to average 3% per year.

Key Trends And Developments

The Hungarian government halted the construction of the M4 motorway's section connecting Abony and Fegyvernek following suspected cartel activity. In April 2015 The European commission had raised issues pertaining to alleged cartel activity. Civil engineering projects have been the primary drivers of the construction sector rebound in 2014, with road and railway projects in particular, driving the civil engineering growth. Although the residential sector too has shown strong growth with the construction of buildings estimated to be up 6.5% in 2014 compared to 2013, the increase of new orders has been subdued since June 2014 and this could be a drag on growth in 2015.

Full Report Details at
- http://www.fastmr.com/prod/1038788_hungary_infrastructure_report.aspx?afid=301

The Hungary Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Hungary Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Hungarian infrastructure and construction industry.

Key Benefits

* Benchmark BMI's independent infrastructure industry forecasts for Hungary to test other views - a key input for successful budgetary and planning in the Hungarian infrastructure market.
* Target business opportunities and risks in the Hungarian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Hungary.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

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