Hungary’s construction output jumped 14.2 percent year-on-year in September of 2021, following a downwardly revised 10.1 percent hike in the previous month, expanding for the fifth month in a row largely due to low base effects from the previous year. Construction works received significant boosts in both building projects (21.2 percent vs 16.0 percent in August) and in civil engineering works (6.7 percent vs 2.6 percent). On a monthly basis, construction output surged 23.7 percent, rebounding from a 5.7 percent drop in August. Considering the first eight months of the year, construction activity expanded by 10.5 percent from the same period a year ago. source: Hungarian Central Statistical Office

Construction Output in Hungary averaged 4.11 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 December of 2021.

Construction Output in Hungary is expected to be 7.50 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 3.20 percent in 2022 and 2.80 percent in 2023, according to our econometric models.

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Hungary Construction Output


Calendar GMT Actual Previous Consensus TEForecast
2021-10-14 07:00 AM Aug 10.2% 22.5% 15.1%
2021-11-12 08:00 AM Sep 14.2% 10.1% 9.5%
2021-12-15 08:00 AM Oct 14.2%


Related Last Previous Unit Reference
Construction Output 14.20 10.10 percent Sep/21
Building Permits 1326.00 1155.00 Sep/21

News Stream
Hungary Construction Output Growth Gains Pace
Hungary’s construction output jumped 14.2 percent year-on-year in September of 2021, following a downwardly revised 10.1 percent hike in the previous month, expanding for the fifth month in a row largely due to low base effects from the previous year. Construction works received significant boosts in both building projects (21.2 percent vs 16.0 percent in August) and in civil engineering works (6.7 percent vs 2.6 percent). On a monthly basis, construction output surged 23.7 percent, rebounding from a 5.7 percent drop in August. Considering the first eight months of the year, construction activity expanded by 10.5 percent from the same period a year ago.
2021-11-12
Hungary Construction Output Slows in August
Hungary’s construction output rose 10.2 percent year-on-year in August of 2021, easing from a 22.5 percent increase in the previous month. Still, it was the fourth consecutive month of growth in construction activity, largely due to low base effects from the previous year. Output slowed both for buildings (16.3 percent vs 21.1 percent in July) and civil engineering works (2.4 percent vs 25.4 percent). On a monthly basis, construction output went down by 5 percent compared to 8.5 decline in July. Considering the first eight months of the year, construction activity grew 9.8 percent compared to the same period a year ago.
2021-10-14
Hungary Construction Sector Grows for 3rd Month
Hungary’s construction output rose 22.5 percent year-on-year in July of 2021, following a 27.8 percent jump in the previous month. It was the third consecutive month of rising construction activity and at a solid pace, largely due to low base effects from the previous year and as the economy gradually recovers. On a monthly basis, construction output went down 0.4 percent. Considering the first seven months of the year, construction activity grew 9.8 percent compared to the same period a year ago.
2021-09-15

Hungary Construction Output
The production index in construction measures the evolution of output within the construction sector, including building construction and civil engineering.