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.