Construction output in Hungary increased 6.8 percent year-on-year in November of 2019, well below 20.5 percent in the previous month which was the fastest increase in construction activity since July. Output increased in both construction of buildings (8 percent), mainly residential, cultural and industrial buildings and in civil engineering works (5.7 percent), namely engineering projects road and railway constructions. On a seasonally adjusted monthly basis, construction output shrank 4.5 percent compared to a 3.1 percent gain in the previous month. Year-to-date, construction activity advanced 24.4 percent over a year ago. Construction Output in Hungary averaged 4.59 percent from 2001 until 2019, reaching an all time high of 67.50 percent in March of 2019 and a record low of -34.60 percent in March of 2016. source: Hungarian Central Statistical Office

Construction Output in Hungary is expected to be 5.10 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 4.00 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.

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Hungary Construction Output

Actual Previous Highest Lowest Dates Unit Frequency
6.80 20.50 67.50 -34.60 2001 - 2019 percent Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-16 07:00 AM Aug 5.9% 32.9% 28.3%
2019-11-12 08:00 AM Sep 17.8% 8.5% 9.5%
2019-12-13 08:00 AM Oct 20.5% 17.8%
2020-01-15 08:00 AM Nov 6.8% 20.5%
2020-02-13 08:00 AM Dec 6.8% 6.4%
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News Stream
2019-12-13
Hungary Construction Output Growth Quickens
Construction output in Hungary surged 20.5 percent year-on-year in October 2019, accelerating from a 17.8 percent rise in the previous month. It was the fastest increase in construction activity since July, driven by building activity (18.8 percent vs 18.7 percent in September), due to residential, cultural and industrial buildings and civil engineering works (22.3 percent vs 17.2 percent), namely road and railway constructions. On a seasonally adjusted monthly basis, construction output grew 3.2 percent compared to a 5.2 percent gain in the previous month. Year-to-date, construction activity advanced 27 percent over a year ago.

2019-11-12
Hungary Construction Output Grows Faster in September
Construction output in Hungary rose 17.8 percent year-on-year in September 2019, accelerating from an upwardly revised 8.5 percent increase in the previous month. Both building activity (18.7 percent vs 15.7 percent in August) and civil engineering work (17.2 percent vs 0.2 percent) advanced faster. On a seasonally adjusted monthly basis, construction output went up 5.2 percent, recovering from a 9.3 percent slump in August. In the first nine months of the year, construction output climbed 28 percent compared with the same period 2018.

2019-10-16
Hungary Construction Output Grows the Least in 4 Years
Construction output in Hungary increased 5.9 percent year-on-year in August of 2019, easing from a 32.9 percent jump in the previous month. It was the lowest gain in construction activity since May of 2015, as building activity slowed (14.1 percent vs 32.2 percent in July) and civil engineering work fell (-3.5 percent vs 34.1 percent). On a seasonally adjusted monthly basis, construction output slumped 10.5 percent, after a downwardly revised 9.5 percent gain in July.

2019-09-13
Hungary Construction Output Rises Faster in July
Construction output in Hungary jumped 32.9 percent year-on-year in July of 2019, accelerating from a 20.3 percent rise in the previous month, as both building activity (32.2 percent vs 23.5 percent in June) and civil engineering works (34.1 percent vs 16.5 percent) advanced faster. On a seasonally adjusted monthly basis, construction output increased 9.6 percent, following a 1.8 percent gain in June.

2019-08-12
Hungary Construction Output Rises at Softer Pace
Hungary's construction output growth eased to 20.3 percent year-on-year in June 2019 from an upwardly revised 26.9 percent in the previous month, due to softer increases in building activity (23.5 percent vs 26.4 percent) and civil engineering works (16.5 percent vs 27.7 percent). On a seasonally adjusted monthly basis, construction output jumped 1.7 percent in June, following three consecutive months of declines.

2019-07-16
Hungary Construction Output Rises the Least in 4 Months
Construction activity in Hungary advanced 26.3 percent year-on-year in May of 2019, following a 40.1 percent jump in the previous month. It was the weakest growth in construction activity since January, as output sowed for building activity (27 percent from 34.3 percent in April) and civil engineering work (25.7 percent from 47.9 percent). On a seasonally adjusted monthly basis, construction output fell 0.6 percent, after a 4.0 percent decrease in the previous month. Considering the January to May period of 2019, construction activity grew 40.4 percent over a year earlier.


Hungary Construction Output
The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering.

Hungary Housing Last Previous Highest Lowest Unit
Construction Output 6.80 20.50 67.50 -34.60 percent [+]
Housing Index 160.07 162.46 162.46 84.13 points [+]
Building Permits 1046.00 1100.00 2876.00 242.00 [+]
Home Ownership Rate 86.00 85.20 89.80 85.20 percent [+]