Construction output volume decreased by 8.2% year-on-year, and lessened by 2.7% compared to the previous month
Construction output volume, based on raw data, was below the previous year’s level by 8.2% in September 2024. Out of the main groups of construction the construction of buildings decreased by 2.0%, that of civil engineering lessened by 17.0%. Based on seasonally and working day adjusted indices construction output was 2.7% lower than in August. Construction producer prices increased by 5.4% in the 3rd quarter of 2024 compared to the same period of the previous year.
In September 2024 compared to the same month of the previous year:
Output decreased in both main groups of construction: the construction of buildings went down by 2.0%, that of civil engineering by 17.0%.
Among the divisions of construction, production volume dereased by 17.0% in the construction of buildings, and by 39.6% in civil engineering. Production in specialised construction activities, having the largest weight in construction, expanded by 20.9% compared to the low base of the previous year.
The volume of new contracts concludedwent up by 2.7%. Within it the volume of contracts for the construction of buildings lessened by 17.8%, those for civil engineering works increased by 24.9%, year-on-year.
The volume of the end-of-September stock of contracts at construction enterprises was 36.0% higher than in the same period of the previous year, within it the volume of contracts was up by 1.5% for the construction of buildings and grew by 71.0% for civil engineering works.
In the first nine months of 2024:
Production volume in construction grew by 0.9% compared to the same period of the previous year.
Construction Producer Prices:
Within the divisions of construction, prices increased in the 3rd quarter of 2024 by 7.0% in civil engineering and grew by 5.7% in the in the greatest weight carrying specialized construction activities, and went up in a lesser degree, by 3.8%, in the construction of buildings compared to the 3rd quarter of 2023.
Construction prices were 0.9% higher than in the 2nd quarter of 2024.
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 | 94.7 | 96.5 | 96.7 | x | 7 366.9 | |
| 2023 | January | 102.3 | 57.0 | 96.7 | 94.2 | 359.7 |
| February | 84.8 | 67.2 | 95.1 | 98.3 | 420.7 | |
| March | 93.2 | 97.1 | 100.1 | 105.3 | 609.4 | |
| April | 92.1 | 76.3 | 91.6 | 91.5 | 475.5 | |
| May | 91.9 | 89.8 | 93.8 | 102.4 | 564.2 | |
| June | 96.3 | 99.6 | 95.8 | 102.1 | 630.8 | |
| July | 102.9 | 105.9 | 102.3 | 106.8 | 673.2 | |
| August | 100.1 | 97.9 | 99.2 | 96.9 | 619.7 | |
| September | 94.3 | 115.2 | 96.7 | 97.5 | 733.9 | |
| October | 98.0 | 100.6 | 96.4 | 99.7 | 646.4 | |
| November | 86.8 | 114.7 | 94.2 | 97.8 | 743.0 | |
| December | 96.6 | 136.5 | 98.9 | 104.9 | 890.4 | |
| 2024 | January | 112.5 | 64.2 | 106.8 | 107.9 | 431.7 |
| February | 102.1 | 68.6 | 97.4 | 91.2 | 456.7 | |
| March | 96.3 | 93.4 | 96.3 | 98.8 | 624.9 | |
| April | 116.7 | 89.0 | 104.7 | 108.7 | 588.4 | |
| May | 109.8 | 98.6 | 101.4 | 96.8 | 656.4 | |
| June | 99.5 | 99.2 | 94.7 | 93.4 | 665.5 | |
| July | 94.9 | 100.5 | 95.2 | 100.5 | 673.4 | |
| August | 96.3 | 94.2 | 93.2 | 97.8 | 629.4 | |
| September | 91.8 | 105.7 | 90.7 | 97.3 | 710.2 | |
| January-September | 100,9 | 90,4 | 97,8 | x | 5 436,7 | |