Published on: 14 March 2023

Construction output volume decreased by 3.6% year-on-year and by 5.0% compared to December

According to raw data the volume of construction output in January 2023 lagged behind the previous year’s level by 3.6%. Out of the main groups of construction the construction of buildings decreased by 4.0 and that of civil engineering by 2.1%. Based on seasonally and working day adjusted indices construction output was below the December level by 5.0%.

In January 2023 compared to the same month of the previous year:

Output of both main groups of construction lessened: construction of buildings by 4.0 and that of civil engineering 2.1%.

Among the divisions of construction, production decreased by 7.8% in the construction of buildings, by 0.7% in civil engineering, and by 1.9% in specialised constructions.

The volume of new contracts concluded was below the January 2022 high base by 28.0%; within it the volume of contracts for the construction of buildings was 23.2% lower, while the volume regarding civil engineering declined by 36.2% year-on-year.

The volume of the end-of-January stock of contracts at construction enterprises lessened by 18.2% compared to the same period of the previous year; within it the volume of contracts was down by 2.0% for the construction of buildings and down by 29.6% for civil engineering works.

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
2018121.3127.5125.9x3 321.3
2019120.4153.9154.8x4 381.6
202090.3138.9140.5x4 240.4
2021112.1155.3154.5x5 330.6
2022103.0160.3161.26 873.7