Construction Output Volume Up by 3.0% in One Year

The volume of construction output in July 2022 in Hungary surpassed the previous year’s level by 3.0%, according to raw data, the country's Central Statistical Office reports.

Out of the main groups of construction, the output at construction of buildings increased by 0.5%, that of civil engineering grew by 7.0%. Based on seasonally and working day adjusted indices construction output was above the June level by 5.8%.

In July 2022 compared to the same month of the previous year:
Out of the main groups of construction the output at construction of buildings increased by 0.5%, that of civil engineering grew by 7.0% year-on-year.

The volume of new contracts concluded was below the July 2021 base by 16.6%, within it the volume of new contracts for the construction of buildings was 20.3% lower, the volume regarding civil engineering lessened by 13.0%.

The volume of the end-of-July stock of contracts at construction enterprises was 0.3% above the end-of-July 2021 level. The volume of contracts was down by 14.7% for the construction of buildings and up by 12.2% for civil engineering, year-on-year.

In the first seven months of 2022 compared to the same period of the previous year:
Construction output rose by 6.3%.