Construction output volume decreased by 3.9% year-on-year and by 3.7% compared to November
According to raw data the volume of construction output in December 2022 lagged behind the previous year’s level by 3.9%. Out of the main groups of construction the construction of buildings increased by 1.1%, that of civil engineering decreased by 12.7%. Based on seasonally and working day adjusted indices construction output was below the November level by 3.7%. In 2022 construction output surpassed that of 2021 by 3.0%. In the year as a whole, construction producer prices – due to significant price hikes of certain construction materials - were 24.5% higher on average than in the previous year.
In December 2022 compared to the same month of the previous year:
Out of the main groups of construction the output at construction of buildings was 1.1% higher, that of civil engineering was 12.7% lower.
Among the divisions of construction, production lessened by 2.2% in the construction of buildings, and by 16.3% in civil engineering. Specialised constructions production grew by 0.7%.
The volume of new contracts concluded was below the December 2021 high base by 35.9%, within it the volume of contracts for the construction of buildings was 4.5% lower, the volume regarding civil engineering declined by 59.3% year-on-year.
The volume of the end-of-December stock of contracts at construction enterprises lessened by 1.2%, within it the volume of contracts was up by 13.9% for the construction of buildings and down by 10.6% for civil engineering works compared to the same period of the previous year.
In the entire year of 2022 compared to the previous year:
Construction output rose overall by 3.0%, within it the volume of construction of buildings was 6.3% higher, that of civil engineering was 1.4% lower. In 2022 there were 3.1% less contracts concluded, within it the volume of contracts for the construction of buildings was 10.3% higher, the volume regarding civil engineering works declined by 17.3%.
Construction Producer Prices:
In the 4th quarter of 2022, construction producer prices rose by 26.2% compared to the same period of the previous year. Within the divisions of construction, prices increased by a similar rate (by 27.6% and 27.5%) in the construction of buildings and in the greatest weight carrying specialized construction activities, and they grew by 22.6% in civil engineering compared to the 4th quarter of 2021. The price increase was caused principally by the rising costs, especially the significant price hike of several building materials.
The 4th quarter of 2022 construction producer prices were 4.6% higher than in the previous quarter
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% | ||||
| 2016 | 81.2 | 81.1 | 80.3 | x | 1 812.7 | |
| 2017 | 129.7 | 105.2 | 103.3 | x | 2 491.5 | |
| 2018 | 121.3 | 127.5 | 126.1 | x | 3 321.3 | |
| 2019 | 120.4 | 153.9 | 154.3 | x | 4 381.6 | |
| 2020 | 90.3 | 138.9 | 140.7 | x | 4 240.4 | |
| 2021 | 112.1 | 155.3 | 154.2 | x | 5 330.6 | |
| 2021 | January | 108.7 | 88.3 | 153.8 | 110.6 | 237.3 |
| February | 82.6 | 86.0 | 131.5 | 85.5 | 230.1 | |
| March | 104.6 | 143.4 | 148.6 | 113.0 | 384.6 | |
| April | 95.3 | 121.7 | 146.6 | 98.7 | 332.8 | |
| May | 117.1 | 146.3 | 151.6 | 103.4 | 403.1 | |
| June | 126.9 | 181.2 | 163.4 | 107.8 | 504.1 | |
| July | 122.4 | 161.7 | 158.4 | 96.9 | 463.5 | |
| August | 110.3 | 154.5 | 154.3 | 97.4 | 441.1 | |
| September | 112.5 | 186.9 | 156.4 | 101.4 | 536.6 | |
| October | 113.3 | 170.9 | 159.4 | 101.9 | 512.8 | |
| November | 110.5 | 194.7 | 157.9 | 99.0 | 590.0 | |
| December | 124.6 | 228.1 | 168.1 | 106.5 | 694.6 | |
| 2022 | January | 101.0 | 89.2 | 156.7 | 93.2 | 291.3 |
| February | 138.9 | 119.5 | 174.9 | 111.6 | 387.4 | |
| March | 114.9 | 164.7 | 167.2 | 95.6 | 536.4 | |
| April | 101.8 | 123.9 | 153.9 | 92.0 | 424.4 | |
| May | 108.2 | 158.4 | 162.8 | 105.8 | 546.2 | |
| June | 91.4 | 165.7 | 154.2 | 94.7 | 575.8 | |
| July | 102.7 | 166.0 | 163.4 | 105.9 | 600.8 | |
| August | 99.3 | 153.4 | 156.2 | 95.6 | 553.3 | |
| September | 101.4 | 189.5 | 159.8 | 102.3 | 686.9 | |
| October | 96.8 | 165.5 | 156.5 | 98.0 | 627.2 | |
| November | 107.6 | 209.4 | 168.4 | 107.6 | 800.4 | |
| December | 96.1 | 219.1 | 162.1 | 96.3 | 843.4 | |
| January–December | 103.0 | 160.3 | 161.3 | x | 6 873.7 | |