Published on: 16 July 2018

Construction output volume increased by 15.1% in May

The volume of construction output was 15.1% higher in May 2018 than a year earlier based on raw data. Output increased in both main groups of construction: in the construction of buildings by 8.8% and in civil engineering works by 23.7%. Based on seasonally and working day adjusted indices, construction output increased by 6.1% in May compared to the previous month.

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

The volume of output increased in both main groups of construction: in the construction of buildings by 8.8% and in civil engineering works by 23.7%. In the construction of buildings group the increase was due to industrial constructions; in civil engineering it was due to road, - railway- and utility projects construction.

Out of the divisions of construction, output increased by 7.4% in the construction of buildings, by 26.3% in civil engineering, and specialised construction activities grew by 13.1%.

The volume of new contracts decreased by 10.7%, within this the volume of new contracts concluded in the construction of buildings increased by 33.0% whereas in the construction of civil engineering works decreased by 24.4%. In May high value new contracts were concluded - beside for office buidings, - for industrial and educational buildings construction.

At the end of May the volume of month-end stock of contracts at construction enterprises was 67.4% higher year-on-year. The volume of the stock of contracts was 9.3% higher for the construction of buildings and 91.1% higher for the construction of civil engineering works than a year earlier.

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

Construction production rose by 16.9%.

Output of construction

Period Output of construction
volume indices value at current prices, billion HUF
original seasonally and working day adjusted
corresponding period of previous year =100.0% 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
2017January117.146.487.2101.790.3
February119.357.892.2105.6112.3
March132.886.8100.7109.3169.5
April121.882.696.095.3159.7
May138.4105.9102.7107.0206.4
June125.0114.2102.499.7223.7
July121.897.8100.798.4193.5
August136.9122.1111.3110.5240.2
September123.3136.5106.595.7269.5
October139.3128.6113.4106.5257.6
November130.9129.0111.197.9261.2
December135.0153.2115.1103.6310.9
2018January142.666.1122.2106.2140.3
February126.473.1116.195.0154.6
March101.488.0104.389.8186.8
April114.294.3111.1106.5199.1
May115.1122.0117.8106.1259.5
January-May116.988.7114.3x940.3