Construction output in Hungary jumped 32.9 percent year-on-year in July of 2019, accelerating from a 20.3 percent rise in the previous month, as both building activity (32.2 percent vs 23.5 percent in June) and civil engineering works (34.1 percent vs 16.5 percent) advanced faster. On a seasonally adjusted monthly basis, construction output increased 9.6 percent, following a 1.8 percent gain in June. Construction Output in Hungary averaged 4.43 percent from 2001 until 2019, reaching an all time high of 67.30 percent in March of 2019 and a record low of -34.60 percent in March of 2016.
Construction Output in Hungary is expected to be 9.50 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 4.80 in 12 months time. In the long-term, the Hungary Construction Output is projected to trend around 3.50 percent in 2020, according to our econometric models.