Construction output in Hungary surged 48 percent year-on-year in February of 2019, following a 29.1 percent rise in the previous month. It was the highest annual gain in construction activity since series began in January of 2001. Both civil engineering works (65.4 percent from 32.2 percent) and construction of buildings (39.4 percent from 28.2 percent) advanced faster. Construction Output in Hungary averaged 3.77 percent from 2001 until 2019, reaching an all time high of 48 percent in February of 2019 and a record low of -34.60 percent in March of 2016.
Construction Output in Hungary is expected to be 17.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Hungary to stand at 5.10 in 12 months time. In the long-term, the Hungary Construction Output is projected to trend around 3.50 percent in 2020, according to our econometric models.