Construction output in Hungary advanced 12.3 percent year-on-year in November of 2021, easing from a 14.5 percent surge in the previous month. A slowdown in construction of buildings (19.7 percent vs 21.2 percent in October) more than offset a faster increase in civil engineering works (9.7 percent vs 6.7 percent). On a seasonally adjusted monthly basis, construction output rose 4.9 percent, following a 1.2 percent increase in October. Considering the first eleven months of the year, construction activity grew 11.2 percent compared to the same period a year ago. source: Hungarian Central Statistical Office
Construction Output in Hungary averaged 4.19 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 January of 2022.
Construction Output in Hungary is expected to be 6.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Construction Output is projected to trend around 19.20 percent in 2023 and 4.80 percent in 2024, according to our econometric models.