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. source: Hungarian Central Statistical Office
Construction Output in Hungary averaged 3.81 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 June 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.