Construction output volume decreased by 14.7% in one year, and increased by 1.4% compared to the previous month
The volume of construction output based on raw data was 14.7% lower in September 2020 compared to the previous year. Output decreased in both main groups of construction: in the construction of buildings by 9.1%, in civil engineering by 20.6%. Based on seasonally and working day adjusted indices construction output increased by 1.4% compared to the August data and by 10.9% in comparison with the nadir of May. In the 3rd quarter construction producer prices increased by 7.0% compared to the same period of the previous year.
In September 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 9.1% and in civil engineering by 20.6%.
Out of the divisions of construction, output went down by 17.3% in the construction of buildings, by 22.6% in civil engineering, specialised construction activities lessened by 7.5%.
The volume of new contracts concluded decreased by 7.4%, within it the volume of new contracts for the construction of buildings lessened by 26.4%, the volume regarding civil engineering works rose by 2.9%.
The volume of the September end-of –month stock of contracts at construction enterprises was 16.3% lower than at the end of September 2019. The volume of contracts increased by 13.8% for the construction of buildings and decreased by 27.6% for civil engineering works compared to the previous year.
In the first nine months of 2020, compared to the same period of the previous year:
Construction output lessened by 11.0%.
Construction Producer Prices:
In the 3rd quarter, within the divisions of construction, prices increased by 6.3% in the construction of buildings, by 7.1% in civil engineering and by 7.3% in the greatest weight carrying specialized construction activities compared to the same period of the previous year.
Construction prices were 1.0% 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 | 126.1 | x | 3 321.3 | |
| 2019 | 120.4 | 153.9 | 155.4 | x | 4 381.6 | |
| 2019 | January | 129.1 | 85.1 | 157.4 | 109.2 | 197.0 |
| February | 141.1 | 100.4 | 155.3 | 98.7 | 231.1 | |
| March | 163.3 | 141.1 | 159.9 | 103.0 | 326.2 | |
| April | 141.3 | 131.9 | 152.4 | 95.3 | 306.7 | |
| May | 125.0 | 150.4 | 148.1 | 97.1 | 352.5 | |
| June | 117.9 | 170.0 | 151.1 | 102.0 | 401.5 | |
| July | 131.1 | 167.3 | 166.4 | 110.2 | 397.9 | |
| August | 108.9 | 165.6 | 153.0 | 91.9 | 392.5 | |
| September | 114.4 | 195.1 | 157.5 | 102.9 | 463.9 | |
| October | 118.5 | 181.3 | 161.2 | 102.3 | 437.0 | |
| November | 104.4 | 172.0 | 152.4 | 94.6 | 419.9 | |
| December | 102.8 | 186.2 | 149.6 | 98.1 | 455.5 | |
| 2020 | January | 95.0 | 80.8 | 149.6 | 100.0 | 203.1 |
| February | 105.9 | 106.2 | 161.5 | 108.0 | 265.6 | |
| March | 97.8 | 138.0 | 149.8 | 92.7 | 346.1 | |
| April | 98.6 | 130.1 | 150.2 | 100.3 | 325.8 | |
| May | 82.5 | 124.1 | 121.9 | 81.1 | 313.3 | |
| June | 83.9 | 142.6 | 127.0 | 104.2 | 362.9 | |
| July | 78.8 | 131.9 | 130.9 | 103.1 | 335.4 | |
| August | 86.5 | 143.3 | 133.3 | 101.9 | 362.9 | |
| September | 85.3 | 166.4 | 135.2 | 101.4 | 423.1 | |
| January–September | 89.0 | 129.3 | 139.9 | x | 2 938.2 | |