Published on: 15 December 2017

38.1% increase in the volume of construction output

The volume of construction output was 38.1% higher in October 2017 than the low base a year earlier. Output increased in both main groups of constructions: by 27.3% in the construction of buildings and by 51.7% in that of civil engineering works. Based on seasonally and working day adjusted indices, construction output grew by 6.0% in October compared to the previous month.

In October 2017, compared to the same month of the previous year:

The volume of output rose in both main groups of constructions: by 27.3% in the construction of buildings and by 51.7% in that of civil engineering works. In October, the growth in the former group was the result not only of the construction of industrial buildings, but of residential, office and educational buildings, in case of the latter group, the output - along with the low base - grew as a result of the construction of expressways and railway refurbishment works.

Out of the divisions of construction, output increased by 27.1% in the division of the construction of buildings, by 54.8% in civil engineering and by 35.0% in specialised construction activities.

The volume of new contracts increased by 15.7% compared to the same period of the previous year, within this, the volume of new contracts concluded grew by 42.2% for the construction of buildings and by 2.5% for the construction of civil engineering works. New contracts were concluded mainly for the construction of residential buildings and, to a lesser extent, industrial, educational and hotel buildings.

At the end of October, the month-end volume of the stock of contracts of construction enterprises was 113.3% higher than the previous year's low base. The volume of the stock of contracts was 39.3% higher for the construction of buildings and 156.7% higher for the construction of civil engineering works than a year earlier.

In January–October 2017, compared to the same period of the previous year:

The volume of construction output grew by 28.4% 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%
2014113.5105.8105.8x2 056.5
2015103.0109.0109.0x2 171.7
201681.288.588.5x1 812.7
2016January78.743.284.276.072.2
February78.952.984.9100.988.1
March 65.471.378.892.8119.4
April70.974.083.4105.9124.7
May73.583.582.198.4142.2
June82.899.688.7108.1170.2
July83.187.689.2100.5149.8
August90.397.289.7100.6165.6
September86.3120.794.2105.0206.3
October87.4100.689.995.4172.9
November85.3107.592.7103.1186.4
December85.1123.794.7102.2214.8
2017January117.150.598.3103.890.3
February119.363.1101.4103.1112.3
March132.894.7105.2103.8169.5
April121.890.1102.997.8159.7
May138.3115.5110.9107.8206.4
June125.0124.5112.4101.3223.7
July121.4106.4110.198.0192.9
August136.8133.0121.2110.0240.1
September123.8149.4116.696.2270.5
October138.1138.9123.5106.0255.2