ADVERTISEMENT

Construction output volume up 29% in December

Construction

The volume of construction output in December 2021 surpassed the previous year’s level by 29% according to raw data published by the Central Statistical Office (KSH).

 

Compared to December 2020, output rose in both main groups of construction: by 32.7% in the construction of buildings and by 24.8% in civil engineering. Output in the divisions of construction grew by 46.9% in the construction of buildings, and by 22.4% in civil engineering. Specialized construction activities increased by 22.5% compared to the previous year.

The volume of new contracts concluded lessened by 7.7%, within it the volume of new contracts for the construction of buildings was 11.2% lower and the volume regarding civil engineering decreased by 3.7% in relation to the December 2020 base.

The volume of the end-of-December stock of contracts at construction enterprises was 13.1% below the end-of-December-2020 level. The volume of contracts was down by 13.9% for the construction of buildings and by 12.5% for civil engineering, year-on-year.

In Q4 2021, construction producer prices rose by 16.7% compared to the same period of the previous year. Within the divisions of construction, prices increased by 19.1% in the construction of buildings as well as in the greatest weight-carrying specialized construction activities, and by 11.1% in civil engineering compared to Q4 2020.

The fourth quarter’s construction prices were 4.6% higher than in the previous quarter.

Construction output up 13.3% in 2021

In 2021 as a whole, construction output rose by 13.3% compared to 2020, within it the construction of buildings was up by 17.1% and civil engineering by 9.1%. In 2021 the amount of contracts concluded were 0.4% higher than in the previous year, within it 4.3% fewer for buildings and 5.9% more for civil engineering works.

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.