Published on: 15 July 2021

Construction output volume increased by 18.7% in one year, and by 2.3% compared to the previous month

The volume of construction output in May 2021, based on raw data, surpassed the previous year’s level by 18.7%. Output increased in in the construction of buildings by 38.6% compared to the exceptionally low base of May 2020, in civil engineering output decreased by 0.8%. Based on seasonally and working day adjusted indices construction output rose by 2.3% compared to the April data.

In May 2021, 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 38.6% and civil engineering lessened by 0.8%.

Out of the three divisions of construction, output volume grew by 43.9% in the construction of buildings, and fell by 7.3% in civil engineering. Production increased by 22.9% in specialised construction activities.

The volume of new contracts concluded rose by 11.8%, within it the volume of new contracts for the construction of buildings went up by 29.2%, the volume regarding civil engineering works went down by 3.2% in relation to the May 2020 base.

The volume of the May end-of –month stock of contracts at construction enterprises was 11.3% above the end of May 2020 level. The volume of contracts increased by 21.9% for the construction of buildings and by 4.9% for civil engineering works compared to the previous year.

In the first five months of 2021, compared to the same period of the previous year:

Construction output rose by 1.3%.

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
202090.9139.8141.6x4 270.4
2020January94.780.6145.898.5202.5
February105.8106.2166.0113.8265.5
March97.7137.9148.889.6345.8
April98.8130.3152.7102.7326.5
May82.6124.3122.880.4313.8
June83.8142.5127.4103.7362.6
July79.0132.1131.6103.3336.2
August86.2142.8133.3101.3361.7
September84.6165.0134.6101.0419.6
October83.7151.8137.1101.8389.0
November104.0178.9152.5111.2464.5
December99.7185.6147.296.5482.8
2021January107.086.2154.4104.9231.7
February82.888.0138.289.5235.3
March104.3143.9153.8111.3386.0
April92.8121.0142.692.7329.9
May118.7147.5146.0102.3405.2
January-May101.3117.3147.0x1588.1