Published on: 14 September 2018

Construction output volume increased by 38,0% in July

The volume of construction output was 38.0% higher in June 2018 than a year earlier based on raw data. Output increased in both main groups of construction: in the construction of buildings by 28.5% and in civil engineering works by 48.3%. Based on seasonally and working day adjusted indices construction output increased by 4.5% in July compared to the previous month.

In July 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 28.5% and in civil engineering works by 48.3%. In the construction of buildings the increase was due to educational, industrial, commercial and dwelling constructions; in civil engineering projects in road, - railway- and utility constructions generated the growth.

Out of the divisions of construction, output increased by 60.0% in the construction of buildings, by 43.7% in civil engineering, and specialised construction activities grew by 20.2%.

The volume of new contracts increased by 70.3%, within this the volume of new contracts concluded in the construction of buildings decreased by 1.8% whereas in the construction of civil engineering works it increased by 134.4%. In July high value new contracts were concluded for developments in traffic infrastructure and telecomunication networks.

The volume of month-end stock of contracts at the end of July at construction enterprises was 61.6% higher year-on-year. The volume of the stock of contracts was 4.9% higher for the construction of buildings and 82.4% higher for the construction of civil engineering works than a year earlier.

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

Construction production rose by 22.2%.

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
2017129.6105.1105.2x2 491.5
2017January129.7105.289.0102.089.7
February117.946.794.9106.7112.1
March120.758.597.2102.5169.3
April134.687.994.296.9158.7
May121.082.1102.7109.0205.8
June137.9105.6101.699.0228.0
July127.5116.498.096.5188.0
August118.495.1111.0113.2240.0
September136.7122.0107.496.8271.3
October124.2137.4114.6106.7256.9
November139.0128.3113.499.0262.3
December131.4129.5117.6103.7309.3
2018January134.4152.4125.1106.4138.2
February141.666.1119.295.3151.4
March124.272.798.282.4185.4
April100.788.6108.4110.3198.0
May114.293.7118.2109.0259.4
June115.3121.8129.2109.4320.1
July138.0131.2135.1104.5284.6
January–July122.2103.3119.1x1 537.0