Construction

The HCSO Weekly Monitor is replaced by the HCSO Monitor starting 11 October 2023. The interactive collection of figures, available on the HCSO website, continues to inform about the latest domestic and international social and economic trends, at the same time figures of First Releases have been added to the subjects, as such the content of its categories changed to a certain extent.
The figures of the HCSO Monitor may be downloaded, as before, in image and data formats (PNG, SVG and CSV).
Feel free to browse the latest data of the HCSO!

Tens of thousands of data of the approximately 500 tables, graphs and maps offer an overview of Hungary’s demographic, social and economic processes, its environmental specifics and their timely changes. Unemployment in the 15–74 age group decreased year-on-year, being 3.6% in 2022. We amass this year commercial, private and other accommodation establishments in one unit, a novelty approach of our publication, providing a better picture about tourist traffic. Tourism nights at accommodation establishments were 39 million 821 thousand in 2022.

Construction output volume, based on raw data was below the previous year’s level by 6.0% in September 2023. Out of the main groups of construction the construction of buildings decreased by 9.5%, that of civil engineering increased by 0.4%. Based on seasonally and working day adjusted indices construction output was below the August level by 1.8%. In the 3rdquarter of 2023 construction producer prices increased by 13.1% compared to the same period of the previous year.

The GDP volume lagged behind the same period of the previous year’s level by 1.7% in the 1st semester of 2023. Final consumption and gross accumulation both contributed to this trend, while the balance of the external trade significantly improved. Following the January inflation peak the growth rate of consumer prices lessened, consequently the decrease of real wages was more subdued, too. At the same time the setback in external trade turnover, typical for most EU countries, gradually slowed down during the 2nd quarter.

The processes taken place in 2022 were mainly determined by the uncertain global environment due to the Russia-Ukraine war and the general and considerable price increases worldwide. Despite these challenges, the Hungarian economy's performance expanded by 4.6% year-on-year, above the EU average. Employment reached a new record high and average earnings rose significantly, but the impact of this was gradually eroded by surging inflation. Population decline continued at a lower pace than in the previous year.