Construction output in Hungary went down 0.3 percent from a year earlier in December of 2020, following a downwardly revised 4 percent rise in the previous month. The decline in civil engineering works (-16.5 percent vs 0.5 percent in November) more than offset a surge in building activity (15.1 percent vs 7.3 percent). Considering the full year of 2020, construction output plunged 9.1 percent over a year earlier. On a seasonally adjusted monthly basis, construction output fell 3.1 percent, after surging 11.4 percent in the prior month. source: Hungarian Central Statistical Office

Construction Output in Hungary averaged 3.93 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 February of 2021.

Construction Output in Hungary is expected to be 2.50 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 4.50 in 12 months time. In the long-term, the Hungary Construction Output is projected to trend around 2.80 percent in 2022, according to our econometric models.

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Hungary Construction Output

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 4.00 67.40 -34.60 2001 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-12 08:00 AM Sep -14.7% -13.6% -4%
2020-12-15 08:00 AM Oct -16.2% -14.7% -10%
2021-01-14 08:00 AM Nov 5% -16.2% -18.5%
2021-02-15 08:00 AM Dec -0.3% 4% 3.5%
2021-03-16 08:00 AM Jan -0.3%
2021-04-15 07:00 AM Feb
2021-05-13 07:00 AM Mar
2021-06-15 07:00 AM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Hungary Construction Output Drops in December
Construction output in Hungary went down 0.3 percent from a year earlier in December of 2020, following a downwardly revised 4 percent rise in the previous month. The decline in civil engineering works (-16.5 percent vs 0.5 percent in November) more than offset a surge in building activity (15.1 percent vs 7.3 percent). Considering the full year of 2020, construction output plunged 9.1 percent over a year earlier. On a seasonally adjusted monthly basis, construction output fell 3.1 percent, after surging 11.4 percent in the prior month.
2021-02-15
Hungary Construction Output Rebounds in November
Construction output in Hungary rose 5 percent year-on-year in November of 2020, rebounding from a 16.2 percent drop in the previous month. It was the first gain in construction activity since February, as both building activity (7.7 percent vs -5.3 percent in October) and civil engineering works (2.2 percent vs -26.5 percent) rebounded. In the first eleven months of the year, construction output was down 9.9 percent over the same period a year ago.
2021-01-14
Construction Output in Hungary Extends the Decline
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.
2020-10-16
Hungary Construction Output Falls the Most since 2016
Construction output in Hungary tumbled 21 percent year-on-year in July of 2020, following a 15.7 percent fall in the previous month. It was the sharpest decline in construction output since May of 2016, as civil engineering works slumped 22.9 percent (vs -17.5 percent in June) and building activity dropped 18.8 percent (vs -14.5 percent). In the first seven months of the year, construction activity was down 9.8 percent over the same period a year ago.
2020-09-15

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