35.0% increase in the volume of construction output in December
The volume of construction output was 35.0% higher in December 2017 than the low base a year earlier. Output increased in both main groups of constructions: by 28.9% in the construction of buildings and by 45.3% in that of civil engineering works. Based on seasonally and working day adjusted indices, construction output increased by 3.9% in December compared to the previous month.
In 2017, construction output grew by 29.6% year-on-year. In the year as a whole, construction producer prices rose by an average of 5.2% compared to 2016.
In December 2017, compared to the same month of the previous year:
The volume of output rose in both main groups of constructions: by 28.9% in the construction of buildings and by 45.3% in that of civil engineering works.The growth in the former group was the result not only of the construction of industrial buildings, but of residential as well as cultural 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 27.2% in the division of the construction of buildings, by 53.2% in civil engineering and by 31.7% in specialised construction activities.
The volume of new contracts increased by 124.7% compared to the same period of the previous year, within this, the volume of new contracts concluded grew by 4.0% for the construction of buildings and by 170.1% for the construction of civil engineering works. Out of civil engineerin works, numerous high-value contracts were concluded for road construction, railway development and utility construction works.
At the end of December, the month-end volume of the stock of contracts of construction enterprises was 129.5% higher than in the previous year. The volume of the stock of contracts was 16.0% higher for the construction of buildings and 184.5% higher for the construction of civil engineering works than a year earlier.
In January–December 2017, compared to the same period of the previous year:
The volume of construction output grew by 29.6% compared to a year earlier. In 2017, the construction of of buildings increased by 27.0% and that of civil engineering works by 34.8%
Construction Producer Prices:
In the 4th quarter, construction producer prices rose by 6.5% compared to the same period of the previous year. Within the divisions of construction, prices increased by 9.8% in the construction of buildings, by 4.1% in civil engineering and by 6.9% in specialised construction activities representing the greatest weight in construction compared to the 4th quarter of 2016.
Construction prices increased by 1.6% quarter-on-quarter.
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 | |
| 2017 | 129.6 | 114.6 | 114.6 | x | 2 494.8 | |
| 2016 | January | 78.7 | 43.2 | 84.1 | 76.1 | 72.2 |
| February | 78.9 | 52.9 | 84.9 | 101.1 | 88.1 | |
| March | 65.4 | 71.3 | 78.9 | 92.9 | 119.4 | |
| April | 70.9 | 74.0 | 83.5 | 105.8 | 124.7 | |
| May | 73.5 | 83.5 | 81.6 | 97.7 | 142.2 | |
| June | 82.8 | 99.6 | 89.2 | 109.3 | 170.2 | |
| July | 83.1 | 87.6 | 89.4 | 100.2 | 149.8 | |
| August | 90.3 | 97.2 | 89.7 | 100.4 | 165.6 | |
| September | 86.3 | 120.7 | 94.4 | 105.2 | 206.3 | |
| October | 87.4 | 100.6 | 89.7 | 95.1 | 172.9 | |
| November | 85.3 | 107.5 | 93.1 | 103.7 | 186.4 | |
| December | 85.1 | 123.7 | 94.1 | 101.1 | 214.8 | |
| 2017 | January | 117.1 | 50.5 | 98.4 | 104.5 | 90.3 |
| February | 119.3 | 63.1 | 101.1 | 102.8 | 112.3 | |
| March | 132.8 | 94.7 | 105.0 | 103.8 | 169.5 | |
| April | 121.8 | 90.1 | 102.7 | 97.8 | 159.7 | |
| May | 138.4 | 115.5 | 112.4 | 109.4 | 206.4 | |
| June | 125.0 | 124.5 | 111.3 | 99.0 | 223.7 | |
| July | 121.8 | 106.7 | 109.8 | 98.7 | 193.5 | |
| August | 136.9 | 133.1 | 121.4 | 110.6 | 240.2 | |
| September | 123.3 | 148.8 | 116.5 | 96.0 | 269.5 | |
| October | 139.3 | 140.2 | 124.4 | 106.8 | 257.6 | |
| November | 130.9 | 140.7 | 122.1 | 98.2 | 261.2 | |
| December | 135.0 | 167.0 | 126.9 | 103.9 | 310.9 | |