Published on: 14 January 2022

Construction output volume increased by 12.3% in one year and was up by 4.9% compared to the previous month

The volume of construction output in November 2021 surpassed the previous year’s level by 12.3% according to raw data. Output was 11.6% higher in the construction of buildings and 14.8% larger in civil engineering compared to November 2020. Based on seasonally and working day adjusted indices construction output grew by 4.9% compared to October.

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

Output rose in both main groups of construction: by 11.6% in the construction of buildings and by 14.8% in civil engineering.

Output in the divisions of construction grew by 28.4% in the construction of buildings, and by 13.8% in civil engineering. Specialised construction activities increased by 2.2% compared to the previous year.

The volume of new contracts concluded lessened by 50.0%, within it the volume of new contracts for the construction of buildings was 41.5% lower and the volume regarding civil engineering decreased by 58.1% in relation to the November 2020 base.

The volume of the end-of- November stock of contracts at construction enterprises was 6.7% below the end-of-November-2020 level. The volume of contracts was down by 7.8% for the construction of buildings and by 6.0% for civil engineering, year-on-year.

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

Construction output rose by 11.2%.

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
202090.3138.9140.7x4 240.4
2020January95.481.2146.298.5204.0
February103.8104.2163.5111.9260.4
March97.1137.0148.090.5343.6
April96.8127.6151.1102.0319.7
May83.1125.0124.282.2315.6
June84.0142.8125.2100.8363.3
July79.0132.1129.4103.4336.0
August84.6140.0133.9103.5354.8
September85.1166.1135.5101.2422.5
October83.2150.9136.7100.9386.9
November102.5176.2148.5108.6457.5
December98.3183.0145.698.0476.2
2021January106.386.3153.8105.6232.1
February84.387.9138.990.3235.0
March105.3144.3154.6111.3387.1
April94.4120.5143.993.1329.6
May117.9147.4147.1102.2406.0
June127.4181.8158.3107.6505.8
July123.3162.8158.7100.2466.8
August110.1154.2149.194.0440.3
September114.2189.8155.4104.3544.7
October114.5172.8157.2101.2518.6
Novenber112.3197.9165.0104.9599.7
January–November111.2149.6152.9x4 665.7