Construction output in Hungary slumped 16.1 percent from a year-on-year in February of 2021, down from an 11 percent rise in the previous month, which was the sharpest increase in construction output since October of 2019. Output decreased in both main groups of construction: in the construction of buildings by 16.7 percent and in civil engineering by 15 percent. In the first two months of 2021, compared to the same period of the previous year, construction activity declined 4.3 percent. source: Hungarian Central Statistical Office
Construction Output in Hungary averaged 3.87 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 May of 2021.
Construction Output in Hungary is expected to be 17.80 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 6.20 in 12 months time. 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.