ACTIVITY-START 1 – CONSTRUCTIONS STARTED – COUNTRYWIDE
Activity-Start indicates the number and total construction value of projects whose construction started in the given period. Construction works in Q3 2019 commenced at a total value of HUF 630 billion, up by 5% over Q3 2018. The number of projects fell by 50% to 690, though. Civil engineering sector has doubled compared to Q3 2018. Decline in the non-residential subsector was mainly attributable to shrinkage in office and educational buildings. Multi-unit housing construction dropped again; making 6 out of the last 7 quarters post negative Activity Start. Detailed data can be found in the full report.
OUTPUT 1 – AMOUNT SPENT ON CONSTRUCTION – COUNTRYWIDE
NEW CONSTRUCTION | RENOVATION | TOTAL
Output indicates the amount spent on construction in the given period. Q3 2019 saw around HUF 680 billion spent on construction projects listed in the database, nearly 10% more at current prices than a year ago. Within building construction, commercial buildings have been down for the fourth, educational buildings have been down for the second consecutive quarter. And for the first time since 2015, the office segment has been unable to grow. Civil engineering Output is also slowing down; its 9% growth has been the lowest since 2017. Detailed data can be found in the full report.
The EBI Construction Activity Report is made quarter-yearly in English and in Hungarian by processing ibuild.info construction project database, in the cooperation of ELTINGA, Buildecon and ibuild.info. The aggregates calculated from the data of individual construction projects carry up-to-date information about the current performance of the Hungarian construction market.
The full EBI Construction Activity Report contains Activity-Start and Output indicators detailed by building types (residential, office, industrial, road, rail, utilities, etc), regions or new construction – reconstruction.
To access the full EBI Construction Activity Report, log in to your ibuild.info user account. If you do not have an account yet, you can register for free. Once you have logged in, you can see the full report if you have already purchased it, or request a quotation if you have not yet ordered it.
© E-BUILD Kft., BUILD-ECON Kft., ELTINGA Kft.