Hungary’s construction output fell 11.4% year-on-year in January 2026, sharply reversing an 8.9% gain in the previous month. This marked the lowest reading since August 2025, as output in civil engineering works declined 14.5%, compared with a 10.5% jump previously. At the same time, building construction contracted 9.6%, down from an 8.4% increase in December 2025, weighed down by a significant 25.6% drop in road and railway construction, a major component of overall construction activity. On a seasonally adjusted monthly basis, construction output plunged 8.8%, following an upwardly revised 8.8% rise in the preceding period.