Construction output in Hungary tumbled 13.6 percent year-on-year in August of 2020, following a 21 percent fall in the previous month which was the sharpest decline since May of 2016. It marks the 6th consecutive decline in construction output due to the coronavirus crisis. Building activity dropped 17.1 percent (vs -18.8 percent) and civil engineering works went down 8.9 percent (vs -22.9 percent in July). In the first eight months of the year, construction activity was down 10.4 percent over the same period a year ago. source: Hungarian Central Statistical Office
Construction Output in Hungary averaged 4.11 percent from 2001 until 2020, reaching an all time high of 67.40 percent in March of 2019 and a record low of -34.60 percent in March of 2016. This page provides - Hungary Construction Output - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Construction Output in Hungary is expected to be -3.00 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 3.20 in 12 months time. In the long-term, the Hungary Construction Output is projected to trend around 4.50 percent in 2021 and 2.80 percent in 2022, according to our econometric models.