Construction output in Hungary tumbled 21 percent year-on-year in July of 2020, following a 15.7 percent fall in the previous month. It was the sharpest decline in construction output since May of 2016, as civil engineering works slumped 22.9 percent (vs -17.5 percent in June) and building activity dropped 18.8 percent (vs -14.5 percent). In the first seven months of the year, construction activity was down 9.8 percent over the same period a year ago.
Construction Output in Hungary averaged 4.19 percent from 2001 until 2020, 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 2020. source: Hungarian Central Statistical Office
Construction Output in Hungary is expected to be -4.00 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 3.20 in 12 months time. In the long-term, the Hungary Construction Output is projected to trend around 4.50 percent in 2021 and 2.80 percent in 2022, according to our econometric models.