Construction output in Hungary rose 40.1 percent year-on-year in April of 2019, following a 67.6 percent jump in the previous month. It was the slowest annual increase in construction activity since January, as both civil engineering works (47.9 percent vs 78.8 percent in March) and buildings construction (34.3 percent vs 62.3 percent) advanced less. On a seasonally adjusted monthly basis, construction output fell 3.8 percent, after a 2.4 percent decrease in the previous month. Considering the first four months of 2019, construction output grew 45.8 percent over a year ago. Construction Output in Hungary averaged 4.20 percent from 2001 until 2019, reaching an all time high of 67.60 percent in March 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.