Construction output volume lessened by 4.5% year-on-year, and decreased by 1.3% compared to the previous month
Construction output volume, based on raw data, lagged behind the previous year’s level by 4.5% in February 2025. Out of the main groups of construction the construction of buildings lessened by 11.0%, that of civil engineering grew by 15.3%. Based on seasonally and working day adjusted indices construction output was under the January 2025 level by 1.3%.
In February 2025 compared to the same month of the previous year:
Output in the two main groups of construction changed oppositely: the construction of buildings decreased by 11.0%, that of civil engineering expanded by 15.3%.
Among the divisions of construction, production volume decreased by 11.2% in the construction of buildings, and grew by 44.0% in civil engineering compared to the low base of the previous year. Production in specialised construction activities, having the largest weight in construction, fell by 10.9%.
The volume of new contracts concluded went down by 15.5%, year-on-year. Within it the volume of contracts for the construction of buildings rose by 12.0%, those for civil engineering works, compared to the high base of the previous year, fell by 32.9%.
The volume of the end-of-February stock of contracts at construction enterprises was 1.8% higher than one year earlier, within it the volume of contracts was down by 6.9% for the construction of buildings and grew by 8.9% for civil engineering works compared to February 2024.
In the first two months of 2025 compared to the same period of the previous year:
The production in construction was 7.0% lower.
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 | 99.1 | x | 4 381.6 | |
| 2020 | 90.3 | 89.4 | 90.0 | x | 4 240.4 | |
| 2021 | 112.1 | 100.0 | 99.0 | x | 5 330.6 | |
| 2022 | 101.6 | 101.9 | 102.2 | x | 6 779.8 | |
| 2023 | 94.7 | 96.5 | 96.8 | x | 7 366.9 | |
| 2024 | 99.6 | 96.2 | 97.2 | x | 7 766.9 | |
| 2024 | January | 115.3 | 65.8 | 107.3 | 106.4 | 442.3 |
| February | 102.6 | 69.0 | 99.3 | 92.5 | 459.2 | |
| March | 95.4 | 92.6 | 98.0 | 98.7 | 619.7 | |
| April | 115.3 | 87.9 | 102.9 | 105.1 | 581.4 | |
| May | 109.0 | 97.9 | 100.3 | 97.5 | 651.6 | |
| June | 98.9 | 98.6 | 96.3 | 95.9 | 661.4 | |
| July | 93.8 | 99.3 | 94.3 | 98.0 | 665.8 | |
| August | 96.1 | 94.1 | 94.9 | 100.6 | 628.5 | |
| September | 91.5 | 105.4 | 90.7 | 95.5 | 708.3 | |
| October | 98.3 | 98.9 | 92.8 | 102.3 | 671.3 | |
| November | 98.9 | 113.5 | 94.8 | 102.2 | 776.4 | |
| December | 95.8 | 130.8 | 94.9 | 100.1 | 901.0 | |
| 2025. | January | 90.4 | 59.5 | 96.4 | 101.6 | 420.5 |
| February | 95.5 | 65.9 | 95.2 | 98.7 | 460.7 | |
| January-February | 93.0 | 62.7 | 95.8 | x | 881.2 | |