33.3% increase in the volume of construction output
The volume of construction output was 33.3% higher in March 2017 than the low base a year earlier. Output increased in both main groups of constructions: by 30.2% in the construction of buildings and by 48.8% in that of civil engineering works. Based on seasonally and working day adjusted indices, construction output increased by 3.4% in March compared to the previous month. In the first quarter, construction producer prices rose by 4.0% compared to the same period of the previous year.
In March 2017, compared to the same month of the previous year:
The volume of output rose in both main groups of constructions: by 30.2% in the construction of buildings and by 48.8% in that of civil engineering works. Growth in the construction of buildings was primarily the result of the construction of industrial and warehouse buildings and, to a lesser extent, sports facilities and educational buildings in March as well. In case of civil engineering works, the production grew, in addition to the low base, as a result of road and railway construction works.
Out of the divisions of construction, output increased by 54.2% in the division of the construction of buildings, by 66.1% in civil engineering and by 11.8% in specialised construction activities.
The volume of new contracts was 31.3% lower than in the same period of the previous year, within which the volume of new contracts concluded was down by 11.5% for the construction of buildings and by 41.3% for the construction of civil engineering works.
At the end of March, the month-end volume of the stock of contracts of construction enterprises was 81.3% higher than the previous year's low base. Within this, the volume of the stock of contracts was 50.2% higher for the construction of buildings and 105.2% higher for the construction of civil engineering works than a year earlier.
In January–March 2017, compared to the same period of the previous year:
The volume of construction output grew by 24.7% compared to a year earlier.
Construction Producer Prices:
In the first quarter, compared to the same period of the previous year, prices increased by 6.8% in the division of construction of buildings, by 2.0% in the division of civil engineering works and by 4.1% in the division of specialized construction works representing the greatest weight in the construction industry.
Construction prices increased quarter-on-quarter by 1.7%.
Output of construction
| Period | Output of construction | |||||
|---|---|---|---|---|---|---|
| volume indices | value at current prices, billion HUF | |||||
| corresponding period of previous year =100.0% | original | seasonally and working day adjusted | ||||
| 2010 = 100.0% | previous month = 100.0% | |||||
| 2014 | 113.5 | 105.8 | 105.8 | x | 2 056.5 | |
| 2015 | 103.0 | 109.0 | 109.0 | x | 2 171.7 | |
| 2016 | 81.2 | 88.5 | 88.5 | x | 1 812.7 | |
| 2016 | January | 78.7 | 43.2 | 83.9 | 75.8 | 72.2 |
| February | 78.9 | 52.9 | 84.4 | 100.6 | 88.1 | |
| March | 65.4 | 71.3 | 78.2 | 92.6 | 119.4 | |
| April | 70.9 | 74.0 | 82.1 | 105.0 | 124.7 | |
| May | 73.5 | 83.5 | 82.9 | 101.0 | 142.2 | |
| June | 82.8 | 99.6 | 89.4 | 107.8 | 170.2 | |
| July | 83.1 | 87.6 | 88.2 | 98.7 | 149.8 | |
| August | 90.3 | 97.2 | 91.9 | 104.1 | 165.6 | |
| September | 86.3 | 120.7 | 93.8 | 102.1 | 206.3 | |
| October | 87.4 | 100.6 | 91.1 | 97.1 | 172.9 | |
| November | 85.3 | 107.5 | 92.8 | 101.8 | 186.4 | |
| December | 85.1 | 123.7 | 94.5 | 101.9 | 214.8 | |
| 2017 | January | 116.7 | 50.4 | 97.7 | 103.4 | 90.0 |
| February | 119.6 | 63.2 | 100.4 | 102.7 | 112.6 | |
| March | 133.3 | 95.0 | 103.8 | 103.4 | 170.1 | |