ACTIVITY-START 1 – CONSTRUCTIONS STARTED – COUNTRYWIDE
Activity-Start indicates the number and total construction value of projects whose construction started in the given period. In Q1 2020 Activity-Start rose by 4% in value over Q1 2019. Non-residential construction grew greatly, while multi-unit housing construction and civil engineering dropped. The period before the epidemic and the period during the epidemic are fully different. Until 15 March, the total value of started construction works grew over the same period last year; building construction grew greatly, while civil engineering expanded slightly. During the epidemic, between 16 March and 24 April, we already saw a massive decline in both sub-markets. 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. Since Q4 2016 the current quarter has been the first one to register non-increasing Output. At current prices, the same amount has been spent on construction projects listed in the database as a year ago. Thus, the several-quarterly decrease in Activity Start is already visible in Output. The epidemic can reduce Output in three ways: ongoing construction works will slow down, construction works will stop, or new projects will not start on time (or will not start). The slowdown is already visible. For the time being, there are few stopped projects in the database, though. 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.
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