Hungary’s construction output rose 3.2 percent year-on-year in April of 2022, slowing sharply from a 10.5 percent jump in the previous month. It was the smallest growth in construction output since January amid fading of low base effects from pandemic shock last year. Output eased sharply for building activity (1.2 percent vs 10.6 percent in April), while remained steady for civil engineering works (at 11.4 percent). On a seasonally and calendar adjusted monthly basis, construction output fell 5.9 percent, following a 5.7 percent decline in the previous month. source: Hungarian Central Statistical Office
Construction Output in Hungary averaged 4.38 percent from 2001 until 2022, reaching an all time high of 63.30 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 July of 2022.
Construction Output in Hungary is expected to be 2.80 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.