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. source: Hungarian Central Statistical Office
Construction Output in Hungary averaged 3.85 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.