Published on: 15 January 2020

Construction output volume increased by 6.8% in November

The volume of construction output, based on raw data was 6.8% higher in November 2019 than a year earlier. The volume of output increased in both main groups of construction: in the construction of buildings by 8.0%, in civil engineering works by 5.7%. Based on seasonally and working day adjusted indices construction output decreased by 4.5% compared to the October data.

In November 2019, compared to the same month of the previous year:

The volume of output increased in both main groups of construction: in the construction of buildings by 8.0% and in civil engineering works by 5.7%. In the construction of buildings the increase was again due to residential, cultural and industrial buildings; in civil engineering projects road and railway constructions generated the growth.

Out of the divisions of construction, output volume decreased by 1.0% in the construction of buildings and increased by 7.9% in civil engineering. Specialised construction activities increased by 11.7%.

The volume of new contracts grew by 24.7%, within this the volume of new contracts concluded in the construction of buildings went up by 9.0%, in the construction of civil engineering works the volume grew by 36.5% year-on-year. High value contracts regarding road constructions and railway renovations have been concluded in November.

The volume of the November month-end stock of contracts at construction enterprises decreased by 8.3% compared to the November 2018 data. The stock of contracts volume increased by 46.4% for the construction of buildings and decreased by 20.1% for the construction of civil engineering works.

In the first eleven months of the year, compared to the same period of the previous year:

Construction output grew by 24.4%.

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%
2015103.0100.0100.2x2 171.7
201681.281.180.5x1 812.7
2017129.7105.2103.6x2 491.5
2018121.3127.5126.0x3 321.3
2018January141.366.0123.7104.1137.9
February121.571.1112.991.3148.2
March98.386.494.984.1180.8
April113.693.3108.0113.8197.0
May113.9120.3118.1109.3256.2
June123.9144.2127.3107.8309.2
July134.2127.6127.8100.3277.1
August124.7152.1139.2108.9329.3
September124.1170.6135.497.3370.3
October119.3153.0137.0101.2338.8
November127.2164.8146.3106.7369.5
December118.8181.0142.297.2406.9
2019January123.581.5151.7106.7188.6
February146.6104.3163.3107.6240.2
March167.5144.8158.096.7334.6
April139.7130.4151.595.9303.2
May126.9152.8150.899.6358.0
June119.1171.7152.3101.0405.7
July133.3170.1168.0110.3404.7
August108.5165.1152.290.6391.2
September117.8201.0159.9105.1477.9
October120.5184.4164.8103.1444.0
November106.8176.0157.495.5429.1
January–November124.4152.9157.3x3977.1