Construction output in Hungary went down 0.3 percent from a year earlier in December of 2020, following a downwardly revised 4 percent rise in the previous month. The decline in civil engineering works (-16.5 percent vs 0.5 percent in November) more than offset a surge in building activity (15.1 percent vs 7.3 percent). Considering the full year of 2020, construction output plunged 9.1 percent over a year earlier. On a seasonally adjusted monthly basis, construction output fell 3.1 percent, after surging 11.4 percent in the prior month. source: Hungarian Central Statistical Office
Construction Output in Hungary averaged 3.93 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 March of 2021.
Construction Output in Hungary is expected to be 2.50 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 4.50 in 12 months time. In the long-term, the Hungary Construction Output is projected to trend around 2.80 percent in 2022, according to our econometric models.