Construction output volume lessened by 1.7% year-on-year, and by 2.0% compared to the previous month
Construction output volume, based on raw data, lagged behind the previous year’s level by 1.7% in November 2024. Out of the main groups of construction the construction of buildings lessened by 9.0%, that of civil engineering increased by 8.2%. Based on seasonally and working day adjusted indices construction output was below the October level by 2.0%.
In November 2024 compared to the same month of the previous year:
Output in the two main groups of construction changed contrarily: the construction of buildings was 9.0% lower, that of civil engineering 8.2% higher year-on-year.
Among the divisions of construction, production volume decreased by 22.4% in the construction of buildings, and by 3.7% in civil engineering. Production in specialised construction activities, having the largest weight in construction, expanded by 12.2%.
The volume of new contracts concluded went down by 51.1%, within it the volume of contracts for the construction of buildings lessened by 34.9%, those for civil engineering works decreased by 57.0%, year-on-year.
The volume of the end-of-November stock of contracts at construction enterprises was 14.4% higher than in the same period of the previous year, within it the volume of contracts was down by 2.1% for the construction of buildings and grew by 26.7% for civil engineering works compared to November 2023.
In the first eleven months of 2024:
Production volume in construction grew by 0.5% compared to the same period of the previous year.
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 | 96.8 | 94.2 | 359.7 |
| February | 84.8 | 67.2 | 95.2 | 98.3 | 420.7 | |
| March | 93.2 | 97.1 | 100.1 | 105.2 | 609.4 | |
| April | 92.1 | 76.3 | 91.5 | 91.4 | 475.5 | |
| May | 91.9 | 89.8 | 93.8 | 102.5 | 564.2 | |
| June | 96.3 | 99.6 | 95.5 | 101.9 | 630.8 | |
| July | 102.9 | 105.9 | 101.9 | 106.8 | 673.2 | |
| August | 100.1 | 97.9 | 98.4 | 96.5 | 619.7 | |
| September | 94.3 | 115.2 | 98.2 | 99.8 | 733.9 | |
| October | 98.0 | 100.6 | 95.8 | 97.6 | 646.4 | |
| November | 86.8 | 114.7 | 94.5 | 98.6 | 743.0 | |
| December | 96.6 | 136.5 | 99.0 | 104.8 | 890.4 | |
| 2024 | January | 112.5 | 64.2 | 106.9 | 107.9 | 431.7 |
| February | 102.1 | 68.6 | 97.5 | 91.2 | 456.7 | |
| March | 96.3 | 93.4 | 96.5 | 98.9 | 624.9 | |
| April | 116.7 | 89.0 | 105.2 | 109.0 | 588.4 | |
| May | 109.8 | 98.6 | 101.9 | 96.8 | 656.4 | |
| June | 99.5 | 99.2 | 95.5 | 93.7 | 665.5 | |
| July | 94.9 | 100.5 | 96.4 | 101.0 | 673.4 | |
| August | 96.3 | 94.2 | 95.0 | 98.6 | 629.4 | |
| September | 91.8 | 105.7 | 91.2 | 96.0 | 710.2 | |
| October | 99.5 | 100.0 | 95.4 | 104.6 | 679.4 | |
| November | 98.3 | 112.8 | 93.5 | 98.0 | 771.9 | |
| January-November | 100.5 | 93.3 | 97.7 | x | 6887.9 | |