Construction output volume up 4.3% y.o.y.
The volume of construction output in March 2021, based on raw data, was higher than the previous year’s level by 4.3%, according to data by the Central Statistical Office (KSH).
Compared to March 2020, output of the construction of buildings main group increased by 6.4%, while it remained unchanged in civil engineering.
Out of the three divisions of construction, output volume increased by 3% in the construction of buildings, and by 7,8% in specialized construction activities. Production decreased by 1.5% in civil engineering.
The volume of new contracts concluded increased by 41.9%, within it the volume of new contracts for the construction of buildings rose by 53.4%, the volume regarding civil engineering works went up by 32.4% in relation to the March 2020 base. In March 2021, contracts of high value were signed primarily for industrial buildings and railway development.
The volume of the March end-of-month stock of contracts at construction enterprises was 13.2% higher than at the end of March 2020. The volume of contracts increased by 28.6% for the construction of buildings and by 4.2% for civil engineering works compared to the previous year.
In the first three months of 2021, construction output lessened by 2% compared to the same period of the previous year..
Construction producer prices on the rise
In the first quarter of 2021, within the divisions of construction, prices increased by 6.9% in the construction of buildings, by 6.8% in civil engineering and by 7.1% in the greatest weight-carrying specialized construction activities compared to the same period of the previous year.
Construction prices were 3.2% higher than in the previous quarter.
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.