Hungary’s construction output declines by 4.2% in December, annual output down 0.4% in 2024

In December 2024, Hungary’s construction output experienced a year-on-year decline of 4.2%, according to the Hungarian Central Statistical Office (KSH). However, on a monthly basis, there was a modest growth of 0.7% compared to November 2024. 

Throughout 2024, the construction sector faced challenges, with the overall output decreasing by 0.4% compared to 2023. Despite this downturn, construction producer prices rose by an average of 5.9% during the January to December period, indicating increased costs within the industry. 

These figures highlight the mixed performance of Hungary’s construction industry in 2024, reflecting both declining output and rising production costs.

Source: Hungarian Central Statistical Office