Hungary’s construction output jumped 14.5 percent year-on-year in October of 2021, advancing from a 14.2 percent increase in the previous month. It was the sixth consecutive month of growth in construction activity, largely due to low base effects from the previous year. Output increased for both construction works (19.7 percent vs 21.2 percent in September) and civil engineering works (9.7 percent vs 6.7 percent). On a monthly basis, construction output went up by 1.1 percent, slowing from a downwardly revised 4.2 percent increase in September. Considering the first ten months of the year, construction activity grew 11 percent compared to the same period a year ago. source: Hungarian Central Statistical Office
Construction Output in Hungary averaged 4.15 percent from 2001 until 2021, 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 January of 2022.
Construction Output in Hungary is expected to be 7.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Construction Output is projected to trend around 3.20 percent in 2022 and 2.80 percent in 2023, according to our econometric models.