Construction output volume increased by 7.2% year-on-year, and went down by 3.8% compared to the previous month
Construction output volume, based on raw data, surpassed the previous year’s level by 7.2% in May 2024. Out of the main groups of construction the construction of buildings increased by 11.2%, that of civil engineering grew by 1.1%. Based on seasonally and working day adjusted indices construction output was 3.8% lower than in April.
In May 2024 compared to the same month of the previous year:
Output of both main groups of construction grew: the construction of buildings rose by 11.2%, that of civil engineering grew by 1.1%.
Among the divisions of construction, production volume increased by 12.5% in the construction of buildings, and decreased by 12.4% in civil engineering. Production in specialised construction activities, having the largest weight in construction, expanded by 14.8%.
The volume of new contracts concluded lessened by 1.3%. Within it the volume of contracts for the construction of buildings increased by 5.0%, that for civil engineering decreased by 9.0%, year-on-year.
The volume of the end-of-May stock of contracts at construction enterprises was by 6.0% higher than in the same period of the previous year, within this the volume of contracts was up by 2.5% for the construction of buildings and grew by 9.3% for civil engineering works.
In the first five months of 2024 compared to the same period of the previous year:
Production volume in construction grew by 6.1%.
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% | 2021 = 100.0% | previous month = 100.0% | ||||
| 2018 | 121.3 | 82.1 | 80.7 | x | 3 321.3 | |
| 2019 | 120.4 | 99.1 | 99.2 | x | 4 381.6 | |
| 2020 | 90.3 | 89.4 | 90.1 | x | 4 240.4 | |
| 2021 | 112.1 | 100.0 | 99.1 | x | 5 330.6 | |
| 2022 | 101.6 | 101.9 | 102.0 | x | 6 779.8 | |
| 2023 | 95.0 | 150.3 | 96.9 | x | 7 386.7 | |
| 2023 | January | 98.4 | 54.9 | 94.4 | 91.3 | 346.1 |
| February | 85.8 | 68.0 | 96.3 | 102.0 | 425.6 | |
| March | 93.6 | 97.5 | 102.1 | 106.0 | 612.3 | |
| April | 93.5 | 77.4 | 93.2 | 91.3 | 482.6 | |
| May | 93.0 | 90.9 | 95.9 | 103.0 | 570.9 | |
| June | 97.6 | 100.9 | 95.0 | 99.1 | 639.1 | |
| July | 103.7 | 106.7 | 102.4 | 107.8 | 678.4 | |
| August | 101.5 | 99.3 | 98.5 | 96.1 | 628.7 | |
| September | 93.9 | 114.7 | 95.7 | 97.2 | 730.8 | |
| October | 98.7 | 101.3 | 96.2 | 100.5 | 651.0 | |
| November | 86.3 | 114.1 | 94.0 | 97.7 | 739.0 | |
| December | 95.7 | 135.2 | 98.9 | 105.2 | 882.2 | |
| 2024 | January | 117.6 | 64.5 | 109.3 | 110.5 | 433.7 |
| February | 102.4 | 69.6 | 99.0 | 90.6 | 463.4 | |
| March | 93.7 | 91.3 | 96.3 | 97.3 | 610.8 | |
| April | 115.6 | 89.5 | 106.9 | 111.0 | 590.5 | |
| May | 107.2 | 97.5 | 102.8 | 96.2 | 647.8 | |
| January-May | 106.1 | 82.5 | 102.9 | x | 2746.2 | |