Published on: 15 September 2021

Construction output volume increased by 22.5% in one year and was down by 0.4% compared to the previous month

The volume of construction output in July 2021 surpassed the level one year earlier by 22.5% according to raw data. Output was 21.1% higher in the construction of buildings and 25.4% larger in civil engineering compared to the exceptionally low base of July 2020. Compared to June, construction output was down by 0.4% based on seasonally and working day adjusted indices.

In July 2021 compared to the same month of the previous year:

Output rose in both main groups of construction: by 21.1% in the construction of buildings and by 25.4% in civil engineering.

Output grew in all the three divisions of construction: by 27.4% in the construction of buildings, by 11.0% in civil engineering and by 27.3% in specialised construction activities.

The volume of new contracts concluded increased by 47.3%, within which the volume of new contracts for the construction of buildings was 38.3% and the volume regarding civil engineering 56.5% higher in relation to the July-2020 base.

The volume of the end-of-July stock of contracts at construction enterprises was 19.1% above the end-of-July-2020 level. The volume of contracts was up by 32.6% for the construction of buildings and by 10.4% for civil engineering compared to a year earlier.

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

Construction output rose 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%
201681.281.180.4x1 812.7
2017129.7105.2103.5x2 491.5
2018121.3127.5126.0x3 321.3
2019120.4153.9154.8x4 381.6
202090.3138.9141.7x4 240.4
2020January95.481.2146.598.7204.0
February103.8104.2163.9111.9260.4
March97.1137.0148.490.5343.6
April96.8127.6151.2101.9319.7
May83.1125.0124.482.3315.6
June84.0142.8125.3100.8363.3
July79.0132.1129.9103.7336.0
August84.6140.0131.0100.8354.8
September85.1166.1134.6102.8422.5
October83.2150.9136.2101.2386.9
November102.5176.2150.8110.7457.5
December98.3183.0146.096.8476.2
2021January106.586.5154.6105.9232.4
February84.387.8139.390.1234.9
March105.3144.2155.2111.4386.9
April94.4120.5144.292.9329.6
May118.0147.5147.5102.3406.2
June127.8182.4159.1107.9507.3
July122.5161.8158.599.6464.2
January–July109.8132.9151.2x2 561.6