Published on: 12 August 2019

Construction output volume increased by 20.3% in June

The volume of construction output, based on raw data was 20.3% higher in June 2019 than a year earlier. The volume of output increased in both main groups of construction: in the construction of buildings by 23.5%, in civil engineering works by 16.5%. Based on seasonally and working day adjusted indices, construction output increased by 1.7% compared to the May data. In the second quarter construction producer prices increased by 10.2% compared to the same period of the previous year.

In June 2019, 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 23.5%, in civil engineering works by 16.5%. In the construction of buildings, the increase was due to industrial and warehouse constructions; in civil engineering projects, road, railway and utility constructions generated the growth.

Out of the divisions of construction, output volume increased by 20.3% in the construction of buildings, by 15.6% in civil engineering, and in specialised construction activities by 23.5%.

The volume of new contracts increased by 0.9%, within this the volume of new contracts concluded in the construction of buildings went up by 27.4%, in the construction of civil engineering works the volume lessened by 12.6% year-on-year.

The volume of the June month-end stock of contracts at construction enterprises decreased by 11.2% year-on-year. The stock of contracts volume increased by 31.7% for the construction of buildings and went down by 21.2% for the construction of civil engineering works compared to the end of June 2018 data.

In the first six months of the year, compared to the same period of the previous year:

The volume of output of construction grew by 35.1%.

Construction Producer Prices:

In the second quarter, within the divisions of construction, prices increased by 11.8% in the construction of buildings, by 8.7% in civil engineering and by 10.0% in the greatest weight carrying specialized construction activities compared to the same period of the previous year.

Construction prices were 2.2% higher than in 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%
2015103.0100.0100.2x2 171.7
201681.281.180.5x1 812.7
2017129.7105.2103.6x2 491.5
2018121.3127.5126.0x3 321.3
2018January141.366.0123.4104.1137.9
February121.571.1112.891.4148.2
March98.386.495.084.2180.8
April113.693.3108.2114.0197.0
May113.9120.3118.2109.2256.2
June123.9144.2127.2107.6309.2
July134.2127.6131.9103.7277.1
August124.7152.1136.6103.6329.3
September124.1170.6135.399.0370.3
October119.3153.0138.1102.1338.8
November127.2164.8143.8104.1369.5
December118.8181.0141.898.6406.9
2019January123.381.4151.0106.5188.3
February146.2104.0162.5107.6239.5
March167.3144.6157.797.1334.1
April139.5130.1151.696.1302.7
May126.9152.7151.299.7357.9
June120.3173.4153.8101.7409.7
January–June135.1131.0154.6x1832.3