Published on: 15 February 2021

Construction output volume decreased by 0.3% in one year, and by 3.1% compared to the previous month

The volume of construction output in December 2020, based on raw data, was 0.3% lower compared to the previous year. Output of the two main groups of construction developed inversely: in the construction of buildings it grew by 15.1%, in civil engineering works went down by 16.5%. Based on seasonally and working day adjusted indices construction output decreased by 3.1% compared to the November data, in December it surpassed the nadir of May by 22.2%. In 2020 construction output lessened by 9.1% compared to 2019. In the year as a whole, construction output prices were 7.4% higher on average than in the previous year.

In December 2020, compared to the same month of the previous year:

The output of the two main groups of construction developed inversely: the construction of buildings rose by 15.1% and civil engineering fell by 16.5%.

Out of the divisions of construction, output volume increased by 0.8% in the construction of buildings it went down by 19.1% in civil engineering while specialised construction activities grew by 13.1%.

The volume of new contracts concluded increased by 6.1%, within it the volume of new contracts for the construction of buildings grew by 3.5%, the volume regarding civil engineering works rose by 8.8%.

The volume of the November end-of –month stock of contracts at construction enterprises was 7.8% higher than at the end of December 2019. The volume of contracts increased by 60.8% for the construction of buildings and decreased by 11.0% for civil engineering works compared to the previous year.

In the entire year, compared to the previous one:

Construction output lessened by 9.1%, within it the construction of buildings was down by 5.7% and civil engineering by 13.1%.

Construction Producer Prices:

In the 4th quarter, construction producer prices rose by 6.3% compared to the same period of the previous year. Within the divisions of construction, prices increased by 5.8% in the construction of buildings, by 6.5% in civil engineering and by 6.6% in the greatest weight carrying specialized construction activities, compared to the 4th quarter of 2019.

The 4th quarter’s construction prices were 1.1% 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%
201681.281.180,4x1 812.7
2017129.7105.2103.5x2 491.5
2018121.3127.5126.0x3 321.3
2019120.4153.9154.8x4 381.6
202090.9139.8141.7x4 270,4
2019January129.185.1157.2109.4197.0
February141.1100.4155.198.7231.1
March163.3141.1155.4100.2326.2
April141.3131.9152.498.0306.7
May125.0150.4147.696.9352.5
June117.9170.0150.9102.3401.5
July131.1167.3166.4110.2397.9
August108.9165.6153.392.1392.5
September114.4195.1158.1103.1463.9
October118.5181.3163.5103.4437.0
November104.4172.0148.791.0419.9
December102.8186.2148.9100.1455.5
2020January94.780.6148.9100.0202.5
February105.8106.2161.3108.3265.5
March97.7137.9151.393.8345.8
April98.8130.3150.599.4326.5
May82.6124.3121.680.8313.8
June83.8142.5126.8104.3362.6
July79.0132.1131.3103.5336.2
August86.2142.8133.4101.6361.7
September84.6165.0135.1101.2419.6
October83.7151.8137.8102.0389.0
November104.0178.9153.4111.4464.5
December99.7185.6148.696.9482.8