Hungary’s construction output rose 22.5 percent year-on-year in July of 2021, following a 27.8 percent jump in the previous month. It was the third consecutive month of rising construction activity and at a solid pace, largely due to low base effects from the previous year and as the economy gradually recovers. On a monthly basis, construction output went down 0.4 percent. Considering the first seven months of the year, construction activity grew 9.8 percent compared to the same period a year ago. source: Hungarian Central Statistical Office

Construction Output in Hungary averaged 4.04 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 September of 2021.

Construction Output in Hungary is expected to be 15.00 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.

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Hungary Construction Output

Actual Previous Highest Lowest Dates Unit Frequency
22.50 27.80 67.40 -34.60 2001 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-15 07:00 AM Apr -7.2% 4.3% 3.7%
2021-07-15 07:00 AM May 18.7% -7.2% 17.3%
2021-08-13 07:00 AM Jun 27.8% 18% 17.8%
2021-09-15 07:00 AM Jul 22.5% 27.8% 16.9%
2021-10-14 07:00 AM Aug 22.5%
2021-11-12 08:00 AM Sep
2021-12-15 08:00 AM Oct


News Stream
Hungary Construction Sector Grows for 3rd Month
Hungary’s construction output rose 22.5 percent year-on-year in July of 2021, following a 27.8 percent jump in the previous month. It was the third consecutive month of rising construction activity and at a solid pace, largely due to low base effects from the previous year and as the economy gradually recovers. On a monthly basis, construction output went down 0.4 percent. Considering the first seven months of the year, construction activity grew 9.8 percent compared to the same period a year ago.
2021-09-15
Hungary Construction Output Rebounds Sharply in May
Hungary’s construction output jumped 18.7 percent year-on-year in May of 2021, rebounding from a 7.2 percent fall in the previous month. A rebound in construction of buildings (38.6 percent vs -0.8 percent in April) made up for another drop in output in civil engineering (-0.8 percent vs -14.5 percent). In the first five months of 2021, construction activity went up 1.3 percent compared to the same period of the previous year.
2021-07-15
Hungary Construction Output Drops in April
Construction output in Hungary slumped 7.2 percent year-on-year in April of 2021, after a 4.3 percent increase in the previous month. Output fell in both construction of buildings (-0.8 percent) and civil engineering (-14.5 percent). In the first four months of 2021, construction activity declined 3.5 percent compared to the same period of the previous year.
2021-06-15
Hungary Construction Output Rebounds in March
Construction output in Hungary rose 4.3 percent year-on-year in March of 2021, following an upwardly revised 17.2 percent slump in the previous month. Building activity bounced back (6.4 percent vs -18.7 percent in February), while civil engineering works stalled (vs -14.6 percent). In the first quarter of 2021, construction output shrank 2 percent compared to the same period a year ago.
2021-05-13

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