Construction output volume rose by 2.7% in December
The volume of construction output, based on raw data, was 2.7% higher in December 2019 than a year earlier. The output of the two main groups of construction developed inversely: the construction of buildings decreased by 11.3% and civil engineering rose by 22.2%. Based on seasonally and working-day-adjusted indices construction output lessened by 3.0% compared to the November data. In 2019 construction output grew by 21.7% compared to 2018. In the year as a whole, construction output prices were 9.7% higher on average than in the previous year.
In December 2019, compared to the same month of the previous year:
The output of the two main groups of construction developed inversely: the construction of buildings decreased by 11.3% and civil engineering rose by 22.2%. In civil engineering projects, road and railway constructions were significant.
Out of the divisions of construction, output volume went down by 10.6% in the construction of buildings and increased by 29.3% in civil engineering. Specialised construction activities lessened by 3.4%.
The volume of new contracts rose by 10.0%, within which the volume of new contracts concluded for the construction of buildings was 1.4% and the volume for civil engineering 21.0% higher than one year earlier. High-value contracts regarding industrial buildings, road constructions and railway renovation were concluded in December.
The volume of the December-end stock of contracts of construction enterprises was 10.5% lower than at the end of December 2018. The volume of contracts increased by 38.9% for the construction of buildings and was cut by 20.7% for civil engineering works.
During the entire year, compared to the previous year:
Construction output was up by 21.7%. The construction of buildings grew by 20.2% and civil engineering by 23.9%.
Construction output prices:
In the 4th quarter, construction output prices rose by 8.8% compared to the same period of the previous year. Out of the divisions of construction, prices increased by 9.4% in the construction of buildings, by 8.5% in civil engineering and by 8.6% in specialised construction activities, carrying the greatest weight, compared to the 4th quarter of 2018.
Construction prices in the 4th quarter were 1.7% higher than in the previous quarter.
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% | ||||
| 2016 | 81.2 | 81.1 | 80.5 | x | 1 812.7 | |
| 2017 | 129.7 | 105.2 | 103.6 | x | 2 491.5 | |
| 2018 | 121.3 | 127.5 | 126.0 | x | 3 321.3 | |
| 2019 | 121.7 | 155.6 | 156.0 | x | 4 430.4 | |
| 2018 | January | 141.3 | 66.0 | 123.8 | 102.9 | 137.9 |
| February | 121.5 | 71.1 | 114.3 | 92.3 | 148.2 | |
| March | 98.3 | 86.4 | 94.8 | 83.0 | 180.8 | |
| April | 113.6 | 93.3 | 107.9 | 113.8 | 197.0 | |
| May | 113.9 | 120.3 | 117.7 | 109.1 | 256.2 | |
| June | 123.9 | 144.2 | 127.0 | 107.8 | 309.2 | |
| July | 134.2 | 127.6 | 127.3 | 100.3 | 277.1 | |
| August | 124.7 | 152.1 | 138.5 | 108.8 | 329.3 | |
| September | 124.1 | 170.6 | 134.6 | 97.2 | 370.3 | |
| October | 119.3 | 153.0 | 136.1 | 101.1 | 338.8 | |
| November | 127.2 | 164.8 | 145.0 | 106.6 | 369.5 | |
| December | 118.8 | 181.0 | 145.4 | 100.3 | 406.9 | |
| 2019 | January | 123.8 | 81.7 | 152.4 | 104.8 | 189.0 |
| February | 140.6 | 100.0 | 159.5 | 104.6 | 230.4 | |
| March | 167.4 | 144.7 | 157.7 | 98.9 | 334.3 | |
| April | 139.7 | 130.3 | 151.2 | 95.9 | 303.1 | |
| May | 127.3 | 153.2 | 150.6 | 99.6 | 359.0 | |
| June | 119.2 | 171.9 | 151.8 | 100.7 | 406.1 | |
| July | 133.5 | 170.4 | 167.1 | 110.1 | 405.3 | |
| August | 108.7 | 165.4 | 151.4 | 90.5 | 392.0 | |
| September | 118.2 | 201.7 | 158.9 | 105.0 | 479.5 | |
| October | 120.8 | 184.8 | 163.4 | 102.8 | 445.3 | |
| November | 107.3 | 176.8 | 156.2 | 95.6 | 431.5 | |
| December | 102.7 | 185.9 | 151.5 | 97.0 | 454.9 | |