Construction activity: an activity of corporations listed to construction (F) performed by employees belonging to the own staff or contractual employees and with own or leased machines for the purpose to erect new buildings or extend, maintain, convert or demolish existing buildings.
The value of activity: the net value without value added tax corrected with the change in unfinished stock.
The volume index of construction activity is calculated on the basis of constant prices in the reference period.
Stock of contracts: the total value of contracts concluded by builders and contractors for construction and installation activity in the form of written orders received and confirmed by the contractor. New contracts: all contracts received and confirmed in the reference month, irrespective of fulfilment.
Scope and methodology of monthly observed and estimated data since 1998 corporations listed to construction with more than 49 employees are observed on full-scope basis, while those with employees between 5–49 are observed on a representative basis, and in case of corporations with less than 5 employees data are estimated. For the estimations interim VAT declarations as well as monthly statistical reports have been taken into account.
Comparability: See Chapter Industry.
National construction activity is carried out by: corporations listed to construction, corporations carrying out construction activity outside construction and households.
Scope and methodology of yearly observed and estimated data: since 1998 corporations listed to construction with more than 9 employees are observed on full-scope basis, while those with employees between 5-9 are observed on a representative basis, and in case of corporations with less than 5 employees data are estimated. The statistical survey relating to construction refers to other organisations outside construction industry whose such activity exceeds HUF 50 million at annual level. Value of household construction activity have been determined by estimation.
Methodological source: Yearbook of Industry and Construction, 2005 (HCSO, Budapest, 2006)