Construction output volume lessened by 4.2% year-on-year, and grew by 0.7% compared to the previous month in December 2024
Construction output volume, based on raw data, lagged behind the previous year’s level by 4.2% in December 2024. Out of the main groups of construction the construction of buildings lessened by 1.0%, that of civil engineering by 10.2%. Based on seasonally and working day adjusted indices construction output was above the November level by 0.7%. Construction output was 0.4% lower in 2024 than in 2023.
Construction producer prices grew in January-December on average by 5.9% year-on-year.
In December 2024 compared to the same month of the previous year:
Output in both main groups of construction decreased: the construction of buildings by 1.0%, that of civil engineering by 10.2%, year-on-year.
Among the divisions of construction, production volume increased by 2.8% in the construction of buildings, and fell by 24.5% in civil engineering. Production in specialised construction activities, having the largest weight in construction, expanded by 1.3%.
The volume of new contracts concluded went down by 9.4%, within it the volume of contracts for the construction of buildings lessened by 5.2%, those for civil engineering works decreased by 15.1%, year-on-year.
The volume of the end-of-December stock of contracts at construction enterprises was 15.7% higher than one year earlier, within it the volume of contracts was up by 2.7% for the construction of buildings and grew by 24.9% for civil engineering works compared to December 2023.
In the entire year of 2024 compared to the previous year:
Production volume in construction lessened by 0.4% within it construction of building was down by 0.5%, that of civil engineering lessened by 0.1% compared to 2023. The volume of new contracts concluded went down by 2.6% in 2024, within it the volume of contracts for the construction of buildings was 4.1% lower, the volume regarding civil engineering works declined by 0.9%.
Construction Producer Prices:
In the 4th quarter of 2024, construction producer prices rose by 5.6% compared to the same period of the previous year. Within the divisions of construction prices increased by 6.7% in civil engineering and by 5.8% in the greatest weight carrying specialized construction activities, and went up in a lesser degree, (by 4.3%), in the construction of buildings compared to the 4th quarter of 2023.
Construction prices were 1.2% higher than in the 3rd 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 | 80.6 | 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 | 101.9 | x | 6 779.8 | |
| 2023 | 94.7 | 96.5 | 96.7 | x | 7 366.9 | |
| 2023 | January | 102.3 | 57.0 | 96.0 | 93.7 | 359.7 |
| February | 84.8 | 67.2 | 94.9 | 98.8 | 420.7 | |
| March | 93.2 | 97.1 | 100.3 | 105.6 | 609.4 | |
| April | 92.1 | 76.3 | 91.7 | 91.5 | 475.5 | |
| May | 91.9 | 89.8 | 93.9 | 102.3 | 564.2 | |
| June | 96.3 | 99.6 | 95.6 | 101.8 | 630.8 | |
| July | 102.9 | 105.9 | 102.2 | 106.9 | 673.2 | |
| August | 100.1 | 97.9 | 98.4 | 96.3 | 619.7 | |
| September | 94.3 | 115.2 | 98.2 | 99.8 | 733.9 | |
| October | 98.0 | 100.6 | 96.1 | 97.8 | 646.4 | |
| November | 86.8 | 114.7 | 94.3 | 98.2 | 743.0 | |
| December | 96.6 | 136.5 | 98.6 | 104.5 | 890.4 | |
| 2024 | January | 115.3 | 65.8 | 108.2 | 109.7 | 442.3 |
| February | 102.6 | 69.0 | 97.6 | 90.2 | 459.2 | |
| March | 95.4 | 92.6 | 95.8 | 98.2 | 619.7 | |
| April | 115.3 | 87.9 | 104.3 | 108.8 | 581.4 | |
| May | 109.0 | 97.9 | 101.3 | 97.1 | 651.6 | |
| June | 98.9 | 98.6 | 95.1 | 93.8 | 661.4 | |
| July | 93.8 | 99.3 | 95.7 | 100.7 | 665.8 | |
| August | 96.1 | 94.1 | 94.9 | 99.2 | 628.5 | |
| September | 91.5 | 105.4 | 91.1 | 95.9 | 708.3 | |
| October | 98.3 | 98.9 | 94.8 | 104.1 | 671.3 | |
| November | 98.9 | 113.5 | 93.9 | 99.0 | 776.4 | |
| December | 95.8 | 130.8 | 94.5 | 100.7 | 901.0 | |
| January-December | 99.6 | 96.2 | 97.3 | x | 7 766.9 | |