Construction output in Hungary increased 6.8 percent year-on-year in November of 2019, well below 20.5 percent in the previous month which was the fastest increase in construction activity since July. Output increased in both construction of buildings (8 percent), mainly residential, cultural and industrial buildings and in civil engineering works (5.7 percent), namely engineering projects road and railway constructions. On a seasonally adjusted monthly basis, construction output shrank 4.5 percent compared to a 3.1 percent gain in the previous month. Year-to-date, construction activity advanced 24.4 percent over a year ago.
Construction Output in Hungary averaged 4.59 percent from 2001 until 2019, reaching an all time high of 67.50 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. source: Hungarian Central Statistical Office
Construction Output in Hungary is expected to be 5.10 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 4.00 in 12 months time. In the long-term, the Hungary Construction Output is projected to trend around 3.50 percent in 2020, according to our econometric models.