Construction output volume increased by 17.5% in December
The volume of construction output, based on raw data, was 17.5% higher in December 2018 than a year earlier. Output increased in both main groups of construction: in the construction of buildings by 14.8% and in civil engineering works by 21.9%. Based on seasonally and working day adjusted indices construction output decreased by 2.4% compared to the previous month. In 2018 contstruction output grew by 22.3% compared to 2017. In the year as a whole, construction producer prices were on average 9.5% higher than in the previous year.
In December 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 14.8% and in civil engineering works by 21.9%. In the construction of buildings the increase was due to industrial, commercial and dwelling constructions; in civil engineering projects road, railway and utility constructions continued to generate the growth.
Out of the divisions of construction, output volume increased by 21.2% in the construction of buildings, by 18.6% in civil engineering, and in specialised construction activities by 14.5%.
The volume of new contracts decreased by 71.9%, related to the high base of December 2017, within this the volume of new contracts concluded in the construction of buildings went up by 21.3%, in the construction of civil engineering works the volume fell by 86.0% year-on-year. In December contracts of high value were singed for industrial, traffic and cultural bildings.
The volume of the December month-end stock of contracts at construction enterprises decreased by 7.7% year-on-year. The stock of contracts volume decreased by 7.3% for the construction of buildings and went down by 7.8% for the construction of civil engineering works compared to the December 2017 data.
In January-December 2018 compared to the same period of the previous year:
Construction production rose by 22.3%. Construction of dwelling grew by 16.0% while that of civil engineering works increased by 31.4% in 2018.
Construction Producer Prices:
In the 4th quarter construction producer prices increased by 10.7% compared to the same period of 2017. Within the divisions of construction prices increased by 13.2% in the construction of buildings, by 8.0% in civil engineering and by 10.7% in the greatest weight carrying specialized construction activities compared to the 4th quarter of 2017.
In the 4th quarter construction prices increased by 2.3% compared to the previous quarter.
Output of construction
| Period | Output of construction | |||||
|---|---|---|---|---|---|---|
| volume indices | value at current prices, billion HUF | |||||
| original | seasonally and working day adjusted | |||||
| corresponding period of the previous year =100.0% | 2015 = 100.0% | previous month = 100.0% | ||||
| 2015 | 103.0 | 100.0 | 100.0 | x | 2 171.7 | |
| 2016 | 81.2 | 81.1 | 81.1 | x | 1 812.7 | |
| 2017 | 129.7 | 105.2 | 105.2 | x | 2 491.5 | |
| 2018 | 122.3 | 128.6 | 128.6 | x | 3 347.0 | |
| 2017 | January | 117.9 | 46.7 | 88.1 | 101.7 | 89.7 |
| February | 120.7 | 58.5 | 93.7 | 106.4 | 112.1 | |
| March | 134.6 | 87.9 | 102.5 | 109.3 | 169.3 | |
| April | 121.0 | 82.1 | 96.8 | 94.5 | 158.7 | |
| May | 137.9 | 105.6 | 103.8 | 107.3 | 205.8 | |
| June | 127.5 | 116.4 | 102.1 | 98.3 | 228.0 | |
| July | 118.4 | 95.1 | 97.3 | 95.4 | 188.0 | |
| August | 136.7 | 122.0 | 108.9 | 112.0 | 240.0 | |
| September | 124.2 | 137.4 | 106.2 | 97.5 | 271.3 | |
| October | 139.0 | 128.3 | 113.6 | 106.9 | 256.9 | |
| November | 131.4 | 129.5 | 110.5 | 97.3 | 262.3 | |
| December | 134.4 | 152.4 | 116.3 | 105.3 | 309.3 | |
| 2018 | January | 141.5 | 66.0 | 122.8 | 105.6 | 138.1 |
| February | 124.1 | 72.6 | 116.6 | 94.9 | 151.4 | |
| March | 100.5 | 88.4 | 106.0 | 90.9 | 185.0 | |
| April | 114.4 | 94.0 | 113.3 | 106.9 | 198.4 | |
| May | 115.6 | 122.1 | 120.6 | 106.4 | 259.9 | |
| June | 126.1 | 146.8 | 128.1 | 106.2 | 314.8 | |
| July | 136.0 | 129.4 | 131.9 | 103.0 | 280.9 | |
| August | 125.6 | 153.2 | 135.0 | 102.3 | 331.6 | |
| September | 126.4 | 173.7 | 133.9 | 99.2 | 377.0 | |
| October | 118.4 | 151.9 | 134.1 | 100.2 | 336.3 | |
| November | 127.7 | 165.5 | 140.3 | 104.6 | 371.1 | |
| December | 117.5 | 179.1 | 137.0 | 97.6 | 402.5 | |