Construction output volume decreased by 3.4% in March
The volume of construction output, based on raw data, was 3.4% lower in March 2020 than a year earlier. Output of the two main groups of construction developed inversely: in the construction of buildings it grew by 0.3%, in civil engineering works went down by 10.0%. Based on seasonally and working day adjusted indices construction output lessened by 5.2% compared to the February data. In the 1st quarter construction producer prices increased by 8.5% compared to the same period of the previous year.
In March 2020, compared to the same month of the previous year:
The output of the two main groups of construction developed inversely: in the construction of buildings it rose by 0.3%, in civil engineering decreased by 10.0% compared to the high base of the previous year.
Out of the divisions of construction, output volume went down by 4.0% in the construction of buildings and by 13.7% in civil engineering while specialised construction activities were higher by 2.6% year-on-year.
The volume of new contracts decreased by 9.9%, within it the volume of new contracts concluded for the construction of buildings was 31.4% lower, the volume for civil engineering works was 18.9% higher than one year earlier.
The volume of the February end-of –month stock of contracts at construction enterprises was 16.3% lower than at the end of March 2019. The volume of contracts increased by 2.7% for the construction of buildings and decreased by 24.4% for civil engineering works.
In the first three months of 2020, compared to the same period of the previous year:
Construction output basically remained unchanged (- 0.1%).
Construction Producer Prices:
In the 1st quarter within the divisions of construction prices increased by 8.8% in the construction of buildings, by 7.7% in civil engineering and by 8.7% in the greatest weight carrying specialized construction activities compared to the same period of the previous year.
Construction prices were 2.6% 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% | ||||
| 2016 | 81.2 | 81.1 | 80.5 | x | 1 812.7 | |
| 2017 | 129.7 | 105.2 | 103.5 | x | 2 491.5 | |
| 2018 | 121.3 | 127.5 | 126.0 | x | 3 321.3 | |
| 2019 | 121.7 | 155.6 | 156.0 | x | 4 430.4 | |
| 2019 | January | 123.8 | 81.7 | 153.9 | 106.2 | 189.0 |
| February | 140.6 | 100.0 | 157.1 | 102.1 | 230.4 | |
| March | 167.4 | 144.7 | 160.1 | 101.9 | 334.3 | |
| April | 139.7 | 130.3 | 151.6 | 94.7 | 303.1 | |
| May | 127.3 | 153.2 | 150.9 | 99.5 | 359.0 | |
| June | 119.2 | 171.9 | 151.8 | 100.6 | 406.1 | |
| July | 133.5 | 170.4 | 167.2 | 110.1 | 405.3 | |
| August | 108.7 | 165.4 | 151.1 | 90.4 | 392.0 | |
| September | 118.2 | 201.7 | 158.6 | 104.9 | 479.5 | |
| October | 120.8 | 184.8 | 162.9 | 102.7 | 445.3 | |
| November | 107.3 | 176.8 | 155.6 | 95.5 | 431.5 | |
| December | 102.7 | 185.9 | 150.7 | 96.9 | 454.9 | |
| 2020 | January | 99.0 | 80.9 | 153.8 | 102.0 | 199.6 |
| February | 105.3 | 105.3 | 164.3 | 106.8 | 263.3 | |
| March | 96.6 | 139.8 | 155.7 | 94.8 | 350.5 | |
| January-March | 99.9 | 108.7 | 157.9 | x | 817.1 | |