Hungary's construction output growth eased to 20.3 percent year-on-year in June 2019 from an upwardly revised 26.9 percent in the previous month, due to softer increases in building activity (23.5 percent vs 26.4 percent) and civil engineering works (16.5 percent vs 27.7 percent). On a seasonally adjusted monthly basis, construction output jumped 1.7 percent in June, following three consecutive months of declines. Construction Output in Hungary averaged 4.31 percent from 2001 until 2019, reaching an all time high of 67.30 percent in March of 2019 and a record low of -34.60 percent in March of 2016.
Construction Output in Hungary is expected to be 9.50 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 4.80 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.