Published on: 16 January 2023

Construction output volume increased by 7.0% year-on-year and by 6.9% compared to October

According to raw data the volume of construction output in November 2022 surpassed the previous year’s level by 7.0%. Out of the main groups of construction the output of construction of buildings increased by 18.6%, that of civil engineering decreased by 6.9%. Based on seasonally and working day adjusted indices construction output was above the October level by 6.9%.

In November 2022 compared to the same month of the previous year:

Out of the main groups of construction the output at construction of buildings was 18.6% higher, that of civil engineering was 6.9% lower.

Among the divisions of construction, production grew by 9.1% in the construction of buildings, civil engineering output lessened by 14,0%. Specialised constructions production grew by 18.9%.

The volume of new contracts concluded was above the November 2021 base by 3.8%, within it the volume of contracts for the construction of buildings was 9.6% higher, the volume regarding civil engineering declined by 4.2% year-on-year. .

The volume of the end-of-November stock of contracts at construction enterprises lessened by 1.0%, within it the volume of contracts was up by 5.0% for the construction of buildings and down by 5.0% for civil engineering works compared to the same period of the previous year.

In the first eleven months of 2022 compared to the same period of the previous year:

Construction output rose by 4.2%.

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%
201681.281.180.3x1 812.7
2017129.7105.2103.4x2 491.5
2018121.3127.5126.2x3 321.3
2019120.4153.9154.4x4 381.6
202090.3138.9140.7x4 240.4
2021112.1155.3154.2x5 330.6
2021January108.788.3153.6110.4237.3
February82.686.0131.585.6230.1
March104.6143.4148.7113.1384.6
April95.3121.7146.698.6332.8
May117.1146.3151.7103.5403.1
June126.9181.2163.5107.8504.1
July122.4161.7158.596.9463.5
August110.3154.5154.597.5441.1
September112.5186.9156.6101.4536.6
October113.3170.9159.4101.8512.8
November110.5194.7158.499.4590.0
December124.6228.1167.8106.0694.6
2022January101.789.8157.393.7293.3
February139.3119.8175.3111.4388.6
March115.1164.9167.595.6537.2
April102.2124.4154.492.2426.1
May108.4158.7163.3105.7547.3
June91.6166.0154.794.7576.9
July103.1166.7164.1106.1603.2
August99.6153.8156.895.6554.6
September101.6189.9160.5102.3688.5
October97.5166.7157.798.3633.3
November107.0208.3168.5106.9798.0
January–November104.2155.4161.8x6 047.0