Construction output volume of Hungary increased by 7.2% year-on-year, and went down by 3.8% compared to the previous month

Construction output volume, based on raw data, surpassed the previous year’s level by 7.2% in May 2024. Out of the main groups of construction the construction of buildings increased by 11.2%, that of civil engineering grew by 1.1%. Based on seasonally and working day adjusted indices construction output was 3.8% lower than in April.

In May 2024 compared to the same month of the previous year:

Output of both main groups of construction grew: the construction of buildings rose by 11.2%, that of civil engineering grew by 1.1%.

Among the divisions of construction, production volume increased by 12.5% in the construction of buildings, and decreased by 12.4% in civil engineering. Production in specialised construction activities, having the largest weight in construction, expanded by 14.8%.

The volume of new contracts concluded lessened by 1.3%. Within it the volume of contracts for the construction of buildings increased by 5.0%, that for civil engineering decreased by 9.0%, year-on-year.

The volume of the end-of-May stock of contracts at construction enterprises was by 6.0% higher than in the same period of the previous year, within this the volume of contracts was up by 2.5% for the construction of buildings and grew by 9.3% for civil engineering works.

In the first five months of 2024 compared to the same period of the previous year:

Production volume in construction grew by 6.1%.

Source: Statiscs Hungary
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