Hungary's construction output dropped 2.1 percent over a year earlier in April 2020, following a 3.4 percent decrease in the previous month. It was the second consecutive decline in construction output, amid the coronavirus crisis. Civil engineering works fell 2.8 percent (vs -10 percent in March) and building activity went down 1.4 percent (vs 0.3 percent in March).

Construction Output in Hungary averaged 4.48 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 July of 2020. source: Hungarian Central Statistical Office

Construction Output in Hungary is expected to be -6.40 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 2.50 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
-2.10 -3.40 67.40 -34.60 2001 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-16 08:00 AM Jan -2.5% 2.7% 2.5%
2020-04-16 07:00 AM Feb 2.5% -2.5% -2.2%
2020-05-14 07:00 AM Mar -3.4% 5.3% -3%
2020-06-15 07:00 AM Apr -2.1% -3.4% -5%
2020-07-15 07:00 AM May -2.1%
2020-08-13 07:00 AM Jun -6.4%
2020-09-15 07:00 AM Jul
2020-10-16 07:00 AM Aug


News Stream
Hungary Construction Output Falls for 2nd Month
Hungary's construction output dropped 2.1 percent over a year earlier in April 2020, following a 3.4 percent decrease in the previous month. It was the second consecutive decline in construction output, amid the coronavirus crisis. Civil engineering works fell 2.8 percent (vs -10 percent in March) and building activity went down 1.4 percent (vs 0.3 percent in March).
2020-06-15
Hungary Construction Output Falls the Most in Over 3 Years
Hungary's construction output slumped 3.4 percent from a year earlier in March 2020, the largest decline since December 2016, following an upwardly revised 5.3 percent growth in the previous month. Civil engineering works tumbled 10.0 percent (vs 8.5 percent in February), while building activity rose by just 0.3 percent (vs 3.5 percent in February).
2020-05-14
Hungary Construction Output Rebounds
Hungary's construction sector output rose by 2.5 percent year-on-year in February 2020, reversing a 2.5 percent drop in the previous month. Building construction increased by 1.6 percent while other types of construction grew by 4.2 percent.
2020-04-16
Hungary Construction Output Posts 1st Fall since 2018
Hungary's construction output fell 2.5 percent year-on-year in January of 2020, following a 2.7 percent rise in the previous month. This was the first decline in construction activity since March of 2018 and the steepest since December of 2016. Building activity slumped (-4.4 percent vs 11.3 percent in December) and civil engineering works grew much slower (1.5 percent vs 22.2 percent). On a seasonally adjusted monthly basis, construction output rose 0.9 percent, reversing a 3.2 percent decrease in the previous month.
2020-03-16

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