Construction output volume decreased by 21.0% in one year, and increased by 3.5% compared to the previous month
The volume of construction output, based on raw data, was 21.0% lower in July 2020 compared to the high base of the previous year. Output decreased in both main groups of construction: in the construction of buildings by 18.8%, in civil engineering by 22.9%. Based on seasonally and working day adjusted indices construction output increased by 3.5% compared to the June data. The effects of the altered economic processes caused by the coronavirus epidemic in construction as a whole were significant in July.
In July 2020, compared to the same month of the previous year:
The volume of output decreased in both main groups of construction: in the construction of buildings by 18.8% and in civil engineering by 22.9%.
Out of the divisions of construction, output went down by 26.7% in the construction of buildings, by 23.8% in civil engineering, specialised construction activities lessened by 14.8%.
The volume of new contracts concluded decreased by 41.5%, within it the volume of new contracts for the construction of buildings fell by 38.7%, the volume for civil engineering works dropped by 43.6%.
The volume of the July end-of –month stock of contracts at construction enterprises was 21.0% lower than at the end of July 2019. The volume of contracts increased by 5.0% for the construction of buildings and decreased by 31.4% for civil engineering works compared to the previous year.
In the first seven months of 2020, compared to the same period of the previous year:
Construction output lessened by 9.8%.
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 | 126.1 | x | 3 321.3 | |
| 2019 | 120.4 | 153.9 | 155.3 | x | 4 381.6 | |
| 2019 | January | 129.1 | 85.1 | 157.7 | 109.5 | 197.0 |
| February | 141.1 | 100.4 | 155.7 | 98.8 | 231.1 | |
| March | 163.3 | 141.1 | 160.7 | 103.2 | 326.2 | |
| April | 141.3 | 131.9 | 153.4 | 95.5 | 306.7 | |
| May | 125.0 | 150.4 | 148.3 | 96.7 | 352.5 | |
| June | 117.9 | 170.0 | 151.3 | 102.0 | 401.5 | |
| July | 131.1 | 167.3 | 167.5 | 110.7 | 397.9 | |
| August | 108.9 | 165.6 | 151.5 | 90.4 | 392.5 | |
| September | 114.4 | 195.1 | 155.3 | 102.5 | 463.9 | |
| October | 118.5 | 181.3 | 160.6 | 103.4 | 437.0 | |
| November | 104.4 | 172.0 | 152.1 | 94.7 | 419.9 | |
| December | 102.8 | 186.2 | 149.5 | 98.3 | 455.5 | |
| 2020 | January | 95.0 | 80.8 | 150.1 | 100.4 | 203.2 |
| February | 106.1 | 106.5 | 162.7 | 108.4 | 266.2 | |
| March | 98.0 | 138.4 | 151.3 | 93.0 | 346.9 | |
| April | 98.7 | 130.1 | 151.8 | 100.3 | 325.9 | |
| May | 81.5 | 122.6 | 120.8 | 79.6 | 309.5 | |
| June | 84.3 | 143.3 | 128.1 | 106.0 | 364.8 | |
| July | 79.0 | 132.1 | 132.5 | 103.5 | 336.3 | |
| January–July | 90.2 | 122.0 | 142.5 | x | 2 152.8 | |