Construction output volume increased by 3.2% year-on-year, and went down by 8.5% compared to the pevious month
Construction output volume, based on raw data, surpassed the previous year’s level by 3.2% in February 2024. Out of the main groups of construction the construction of buildings increased by 2.8%, that of civil engineering grew by 4.4%. Based on seasonally and working day adjusted indices construction output was 8.5% lower than in January.
In February 2024 compared to the same month of the previous year:
Output of both main groups of construction increased: the construction of buildings by 2.8%, that of civil engineering by 4.4%.
Among the divisions of construction, production volume decreased by 6.9% in the construction of buildings, and by 3.0% in civil engineering. Production in specialised construction activities, however, having the largest weight in construction, expanded by 13.0%.
The volume of new contracts concluded grew by 84.1%. Within it the volume of contracts for the construction of buildings increased by 30.1%, that for civil engineering inceased by 150.9% year-on-year. In the case of the latter, in addition to the low base, the significant increase is due to contracts concluded for road constructions.
The volume of the end-of-February stock of contracts at construction enterprises lessened by 7.6%, within it the volume of contracts was down by 8.7% for the construction of buildings and decreased by 6.6% for civil engineering works compared to the same period of the previous year.
In the first two months of 2024 compared to the same period of the previous year:
Production volume in construction grew by 9.5%.
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% | 2021 = 100.0% | previous month = 100.0% | ||||
| 2018 | 121.3 | 82.1 | 80.7 | x | 3 321.3 | |
| 2019 | 120.4 | 99.1 | 99.2 | x | 4 381.6 | |
| 2020 | 90.3 | 89.4 | 90.1 | x | 4 240.4 | |
| 2021 | 112.1 | 100.0 | 99.1 | x | 5 330.6 | |
| 2022 | 101.6 | 101.9 | 102.0 | x | 6 779.8 | |
| 2023 | 95.0 | 150.3 | 97.0 | x | 7 386.7 | |
| 2023 | January | 98.4 | 54.9 | 94.4 | 91.6 | 346.1 |
| February | 85.8 | 68.0 | 95.7 | 101.5 | 425.6 | |
| March | 93.6 | 97.5 | 99.2 | 103.6 | 612.3 | |
| April | 93.5 | 77.4 | 95.3 | 96.1 | 482.6 | |
| May | 93.0 | 90.9 | 96.3 | 101.0 | 570.9 | |
| June | 97.6 | 100.9 | 95.7 | 99.4 | 639.1 | |
| July | 103.7 | 106.7 | 102.2 | 106.8 | 678.4 | |
| August | 101.5 | 99.3 | 99.0 | 96.8 | 628.7 | |
| September | 93.9 | 114.7 | 96.2 | 97.2 | 730.8 | |
| October | 98.7 | 101.3 | 96.8 | 100.6 | 651.0 | |
| November | 86.3 | 114.1 | 94.0 | 97.1 | 739.0 | |
| December | 95.7 | 135.2 | 98.5 | 104.8 | 882.2 | |
| 2024 | January | 117.2 | 64.3 | 108.4 | 110.0 | 431.5 |
| February | 103,2 | 70,2 | 99.2 | 91.5 | 466,8 | |
| January-February | 109,5 | 67,3 | 103,8 | x | 898,4 | |