FX.co ★ Hungary Construction Output Tumbles in September

Hungary’s construction output fell 5.6% year-on-year in September 2026, pulling back from a revised 19.7% surge in August that had marked a more than four-year high. The downturn was driven primarily by a 22.2% contraction in civil engineering, reflecting sharp declines in road and railway construction (-20.9%), utility projects (-28.0%), and other civil engineering works (-79.9%). By contrast, building construction output grew 5.3%.

On a seasonally and working-day-adjusted month-on-month basis, total construction output dropped 9.9% in September, reversing a downwardly revised 6.4% increase recorded in August. Over the first nine months of the year, overall construction output was unchanged compared with the same period a year earlier.