14.9% decrease in the volume of construction output in December
The volume of construction output was 14.9% lower in December 2016 than a year earlier. Output decreased in both main groups of constructions: the construction of buildings decreased year-on-year by 5.8% and that of civil engineering works by 25.5%. Based on seasonally and working day adjusted indices, construction output increased by 1.4% in December compared to the previous month. In the year as a whole, construction production decreased by 18.8% and construction producer prices rose by an average of 2.8% compared to 2015.
In December 2016, compared to the same month of the previous year:
The volume of output decreased in both main groups of constructions: by 5.8% in the construction of buildings and by 25.5% in that of civil engineering works. The decline in the construction of civil engineering works was primarily caused by the completion of works performed from EU funds at the end of 2015. Compared to the corresponding period of the previous year, the largest decrease was recorded in the output of road and railway construction enterprises as well as of utility construction enterprises in December.
Out of the divisions of construction, output increased by 1.1% in the division of the construction of buildings and, in contrast, it fell by 35.6% in civil engineering and by 10.2% in specialised construction activities.
The volume of new contracts was 114.1% higher than in the same period of the previous year, within which the volume of new contracts concluded was up by 34.4% for the construction of buildings and by 172.7% for the construction of civil engineering works. The increase is the result of some high-value contracts concluded for the construction of motorways.
At the end of December, the month-end volume of the stock of contracts of construction enterprises was 89.0% higher than the previous year's low base. Within this, the volume of the stock of contracts was 13.5 % higher for the construction of buildings and, due to the new contracts in December, 174.3% higher for the construction of civil engineering works.
In January–December 2016, compared to the same period of the previous year:
The volume of construction output was 18.8% lower than a year earlier. Compared to 2015, the volume of output decreased in both main groups of constructions, by 3.7% in the construction of buildings and by 33.0% in that of civil engineering works. The largest decrease occurred in the output of road and railway construction enterprises.
Construction Producer Prices:
In the fourth quarter, construction producer prices rose by 3.0% compared to the same period of the previous year. Prices increased year-on-year by 5.3% in the division of construction of buildings, by 1.7% in the division of civil engineering works and by 2.7% in the division of specialized construction works representing the greatest weight in the construction industry. The observed subgroups of constructions saw price increases of between 1.2% and 4.3%.
Construction prices were 0.7% higher than in the previous quarter.
Output of construction
| Period | Output of construction | |||||
|---|---|---|---|---|---|---|
| volume indices | value at current prices, billion HUF | |||||
| corresponding period of previous year =100.0% | original | seasonally and working day adjusted | ||||
| 2010 = 100.0% | previous month = 100.0% | |||||
| 2013 | 108.5 | 93.2 | 93.2 | x | 1 774.5 | |
| 2014 | 113.5 | 105.8 | 105.8 | x | 2 056.5 | |
| 2015 | 103.0 | 109.0 | 109.0 | x | 2 171.7 | |
| 2015 | January | 110.5 | 54.9 | 108.1 | 107.4 | 89.5 |
| February | 103.4 | 67.0 | 109.1 | 101.0 | 108.8 | |
| March | 113.4 | 108.9 | 120.9 | 110.8 | 178.0 | |
| April | 108.6 | 104.4 | 115.8 | 95.8 | 171.3 | |
| May | 101.5 | 113.6 | 111.9 | 96.6 | 188.4 | |
| June | 109.3 | 120.3 | 108.2 | 96.6 | 199.9 | |
| July | 97.8 | 105.3 | 105.0 | 97.1 | 175.4 | |
| August | 93.0 | 107.7 | 101.1 | 96.2 | 178.5 | |
| September | 107.2 | 139.8 | 108.6 | 107.5 | 232.7 | |
| October | 90.9 | 115.2 | 102.2 | 94.1 | 192.0 | |
| November | 99.8 | 126.0 | 106.8 | 104.5 | 212.3 | |
| December | 108.1 | 145.3 | 109.0 | 102.1 | 244.9 | |
| 2016 | January | 78.7 | 43.2 | 85.5 | 78.4 | 72.2 |
| February | 78.9 | 52.9 | 86.6 | 101.3 | 88.1 | |
| March | 65.4 | 71.3 | 81.1 | 93.6 | 119.4 | |
| April | 70.9 | 74.0 | 83.8 | 103.4 | 124.7 | |
| May | 73.5 | 83.5 | 84.2 | 100.5 | 142.2 | |
| June | 82.8 | 99.6 | 90.3 | 107.2 | 170.2 | |
| July | 83.1 | 87.6 | 88.7 | 98.3 | 149.8 | |
| August | 90.3 | 97.2 | 91.9 | 103.6 | 165.6 | |
| September | 86.3 | 120.7 | 93.6 | 101.8 | 206.3 | |
| October | 87.4 | 100.6 | 90.3 | 96.5 | 172.9 | |
| November | 85.3 | 107.5 | 91.6 | 101.4 | 186.4 | |
| December | 85.1 | 123.7 | 92.8 | 101.4 | 214.8 | |