35.4% increase in the volume of construction output
The volume of construction output was 35.4% higher in May 2017 than the low base a year earlier. Output increased in both main groups of constructions: by 27.2% in the construction of buildings and by 46.7% in that of civil engineering works. Based on seasonally and working day adjusted indices, construction output expanded by 7.5% in May compared to the previous month.
In May 2017, compared to the same month of the previous year:
The volume of output rose in both main groups of constructions: by 27.2% in the construction of buildings and by 46.7% 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 May 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 25.7% in the division of the construction of buildings, by 51.9% in civil engineering and by 32.0% in specialised construction activities.
The volume of new contracts increased by 53.2% compared to the same period of the previous year. Within this, the two main groups of constructions changed in opposite directions: the volume of new contracts concluded decreased by 12.0% for the construction of buildings and grew by 99.5% for the construction of civil engineering works. Growth in civil engineering works was the result of contracts signed for sports facilities and the development of transport infrastructure.
At the end of May, the month-end volume of the stock of contracts of construction enterprises was 94.3% higher than the previous year's low base. Within this, the volume of the stock of contracts was 38.5% higher for the construction of buildings and 132.0% higher for the construction of civil engineering works than a year earlier.
In January– May 2017, compared to the same period of the previous year:
The volume of construction output grew by 26.9% compared to a year earlier.
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 | 84.1 | 75.9 | 72.2 |
| February | 78.9 | 52.9 | 84.7 | 100.7 | 88.1 | |
| March | 65.4 | 71.3 | 78.5 | 92.7 | 119.4 | |
| April | 70.9 | 74.0 | 82.9 | 105.7 | 124.7 | |
| May | 73.5 | 83.5 | 81.4 | 98.2 | 142.2 | |
| June | 82.8 | 99.6 | 89.1 | 109.4 | 170.2 | |
| July | 83.1 | 87.6 | 88.0 | 98.8 | 149.8 | |
| August | 90.3 | 97.2 | 91.8 | 104.2 | 165.6 | |
| September | 86.3 | 120.7 | 93.8 | 102.2 | 206.3 | |
| October | 87.4 | 100.6 | 91.2 | 97.2 | 172.9 | |
| November | 85.3 | 107.5 | 92.9 | 101.9 | 186.4 | |
| December | 85.1 | 123.7 | 94.8 | 102.0 | 214.8 | |
| 2017 | January | 116.7 | 50.4 | 98.1 | 103.5 | 90.0 |
| February | 119.6 | 63.2 | 100.9 | 102.9 | 112.6 | |
| March | 133.3 | 95.0 | 104.4 | 103.5 | 170.1 | |
| April | 122.1 | 90.3 | 101.8 | 97.5 | 160.1 | |
| May | 135.4 | 113.0 | 109.5 | 107.5 | 202.0 | |