Construction output in Hungary tumbled 13.6 percent year-on-year in August of 2020, following a 21 percent fall in the previous month which was the sharpest decline since May of 2016. It marks the 6th consecutive decline in construction output due to the coronavirus crisis. Building activity dropped 17.1 percent (vs -18.8 percent) and civil engineering works went down 8.9 percent (vs -22.9 percent in July). In the first eight months of the year, construction activity was down 10.4 percent over the same period a year ago. source: Hungarian Central Statistical Office

Construction Output in Hungary averaged 4.11 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 October of 2020.

Construction Output in Hungary is expected to be -3.00 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.

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Hungary Construction Output

Actual Previous Highest Lowest Dates Unit Frequency
-13.60 -21.00 67.40 -34.60 2001 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-15 07:00 AM May -20.1% -2.1% -1.7%
2020-08-13 07:00 AM Jun -15.7% -18.5% -6.4%
2020-09-15 07:00 AM Jul -21% -15.7% -11.8%
2020-10-16 07:00 AM Aug -13.6% -21% -16.3%
2020-11-12 08:00 AM Sep -13.6% -4%
2020-12-15 08:00 AM Oct


News Stream
Construction Output in Hungary Extends the Decline
Construction output in Hungary tumbled 13.6 percent year-on-year in August of 2020, following a 21 percent fall in the previous month which was the sharpest decline since May of 2016. It marks the 6th consecutive decline in construction output due to the coronavirus crisis. Building activity dropped 17.1 percent (vs -18.8 percent) and civil engineering works went down 8.9 percent (vs -22.9 percent in July). In the first eight months of the year, construction activity was down 10.4 percent over the same period a year ago.
2020-10-16
Hungary Construction Output Falls the Most since 2016
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.
2020-09-15
Hungary Construction Output Shrinks For 4th Month
Construction output in Hungary fell 15.7 percent year-on-year in June of 2020 following a downwardly revised 18.5 percent slump in May, as output declined less for building activity (-14.2 percent vs -22 percent in May). However, civil engineering works continued to plunge (-17.5 percent vs -14.4 percent), as the effects of the global pandemic crisis continued to weigh on the sector. In the first six months of the year, construction activity was down 7.4 percent over the same period a year ago.
2020-08-13
Hungary Construction Output Drops the Most in 4 Years
Construction output in Hungary tumbled 20.1 percent year-on-year in May of 2020, following a 2.1 percent drop in the previous month. It was the sharpest decline in construction output since May of 2016, as civil engineering works fell 15.6 percent (vs -2.8 percent in April) and building activity went down 24 percent (vs -1.4 percent in April).
2020-07-15

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