Construction output in Hungary fell further by 3.6 percent year-on-year in January 2023 from a 3.9 percent decline in the previous month. This was the second consecutive period of contraction after a 7.6 percent gain in November, as building activity tumbled (-4 percent vs 1.1 percent in December 2022). On the other hand, civil engineering works decreased slower (-2.1 percent vs -12.7 percent). On a seasonally and calendar-adjusted monthly basis, construction output dropped by 5 percent. source: Hungarian Central Statistical Office

Construction Output in Hungary averaged 4.18 percent from 2001 until 2023, reaching an all time high of 63.30 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 March of 2023.

Construction Output in Hungary is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Hungary Construction Output



Calendar GMT Actual Previous Consensus TEForecast
2023-02-13 07:30 AM Dec -3.9% 7.6% 3.3%
2023-03-14 07:30 AM Jan -3.6% -3.9% -1.0%
2023-04-13 06:30 AM Feb -3.6%


Related Last Previous Unit Reference
Construction Output -3.60 -3.90 percent Jan 2023
Building Permits 613.00 903.00 Units Jan 2023

Hungary Construction Output
The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering.
Actual Previous Highest Lowest Dates Unit Frequency
-3.60 -3.90 63.30 -34.60 2001 - 2023 percent Monthly
NSA

News Stream
Hungary Construction Output Falls for 2nd Month
Construction output in Hungary fell further by 3.6 percent year-on-year in January 2023 from a 3.9 percent decline in the previous month. This was the second consecutive period of contraction after a 7.6 percent gain in November, as building activity tumbled (-4 percent vs 1.1 percent in December 2022). On the other hand, civil engineering works decreased slower (-2.1 percent vs -12.7 percent). On a seasonally and calendar-adjusted monthly basis, construction output dropped by 5 percent.
2023-03-14
Hungary Construction Output Falls in December
Construction output in Hungary fell by 3.9 percent year-on-year in December 2022, shifting from an upwardly revised 7.6 percent gain in November, as civil engineering works slumped further (-12.7 percent vs -6.2 percent in November). Meanwhile, building activity edged up by 1.1 percent, easing sharply from a 19 percent increase a month earlier. On a seasonally and calendar adjusted monthly basis, output declined by 3.7 percent. Considering the full year, construction work was 3 percent higher compared to the previous year.
2023-02-13
Hungary Construction Output Rebounds in November
Construction output in Hungary advanced by 7 percent year-on-year in November of 2022, rebounding from a 2.5 percent drop in the previous month, prompted by an 18.6 percent increase in building activity. Meanwhile, civil engineering works slumped further by 6.9 percent from a 0.9 percent fall in October. On a seasonally and calendar-adjusted monthly basis, output rose by 6.9 percent, reversing a 1.8 percent decline a month earlier. Considering January-November, output was 4.2 percent higher compared to the same period last year.
2023-01-16