Published on: 13 April 2018

Volume of construction output increased by 26.0% in February

The volume of construction output was 26.0% higher in February 2018 than a year earlier. Output increased in both main groups of constructions: in the construction of buildings by 19.8% and in civil engineering works by 40.1%. Based on seasonally and working day adjusted indices, construction output decreased by 5.0% in February compared to the previous month.

In February 2018, compared to the same month of the previous year:

The volume of output increased in both main groups of constructions: by 19.8% in the construction of buildings and by 40.1% in civil engineering works.The growth in the former group – beside industrial buildings construction , – is the result of construction of residential and educational buildings; the latter group’s output grew as a result of expressway construction as well as railway refurbishment works and construction of utility projects.

Out of the divisions of construction, output increased by 24.9% in the construction of buildings, by 44.9% in civil engineering and by 21.4% in specialised construction activities.

The volume of new contracts increased by 0.7% year on year, within this the volume of new contracts concluded decreased by 45.9% in the construction of buildings and grew by 51.4% in the construction of civil engineering works. In February high value contracts were concluded primarily for public road development works.

At the end of February the volume of month-end stock of contracts at construction enterprises was 92.4% higher year on year. The volume of the stock of contracts was 4.3% higher for the construction of buildings and 145.4% higher for the construction of civil engineering works than a year earlier.

In January-February 2018, compared to the same period of the previous year:

Construction production rose by 33.5%.

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
2015 = 100.0% previous month = 100.0%
2015103.0100.0100.0x2 171.7
201681.281.181.1x1 812.7
2017129.6105.1105.1x2 494.8
2017January117.146.488.1101.690.3
February119.357.893.4106.1112.3
March132.886.896.1102.9169.5
April121.882.694.197.9159.7
May138.4105.9103.0109.5206.4
June125.0114.2102.199.1223.7
July121.897.8100.998.8193.5
August136.9122.1111.5110.6240.2
September123.3136.5107.296.1269.5
October139.3128.6114.5106.9257.6
November130.9129.0112.698.3261.2
December135.0153.2117.0103.9310.9
2018January143.266.2124.4106.3140.4
February126.072.9118.295.0153.9
January-February133.569.5121.3x294.2