Hungary Plant Construction Cost Index
Subscribe & Adjust Industrial Plant Capital Costs in Hungary over Time
Plant Construction Indexes (IC Indexes) are unbiased multipliers for instantaneously adjusting construction costs of industrial plants over time. These monthly series measure the changes in the average cost of constructing a manufacturing plant, with historical data and short-term forecasts available to predict trends.
IC indexes and key manufacturing cost factors in Hungary and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide.
Chart Description. The IC Index for Hungary experienced a 5% increase in August 2019, up from the previous year's index value of 130, reaching a value of 136. This means that the average cost of constructing an industrial plant in Hungary has risen by 5% during this period. For example, if the cost of building a plant in Hungary was USD 100 million in August 2018, the 5% increase in the IC Index suggests that the same plant would cost approximately USD 105 million in August 2019.
Data Use. The monthly IC indexes series measure the change in the average cost at which a plant is constructed. All available IC indexes series start back in January 2000 (base period) when the indexes are set at 100 (base value). IC indexes and key manufacturing cost factors in Hungary and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide. To better understand data provided check Intratec Industry Economics Worldwide Methodology .
Data Delivery Methods. IC Indexes are available via different delivery methods: (i) online charts; (ii) directly into Excel (using Intratec Add-in); or (iii) a web API (to facilitate integration with existing workflows).
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About IC Indexes. IC Indexes are based on a robust methodology, which involves gathering and processing a huge amount of data from several countries. The index reconciles prices trends of fundamental components of an industrial plant construction such as labor, material and energy, providing meaningful historical and forecast data for users.
IC Indexes are straightforward, handy tools for a series of purposes, like capex estimation, feasibility studies and investment analysis. Intratec Plant Construction Indexes cover as many as 33 countries, and are suitable for industrial plants from several sectors, spanning the fields of Oil & Energy, Fertilizers & Gases, Olefins & Derivatives, Aromatics & Derivatives, Alcohols & Organic Acids, Inorganic Chemicals, Polymers, Food & Nutrition, Metals & Mining, Pharmaceuticals and Water & Utilities.
About Hungary Manufacturing Industry. Hungary's economy is characterized by a dynamic and industrialized landscape, with a strong emphasis on manufacturing and export-driven growth. The country has established itself as a key player in various sectors, including automotive, electronics, pharmaceuticals, and machinery. Manufacturing is a vital contributor to Hungary's GDP, driving employment and economic development.
The Hungarian manufacturing industry is known for its high-quality production and advanced technological capabilities. With a skilled workforce and well-developed infrastructure, Hungary has become an attractive destination for foreign investment. The automotive sector, in particular, has experienced significant growth, bolstered by the presence of numerous multinational companies.
As Hungary adapts to global economic trends, such as sustainability and digitalization, its manufacturing sector remains essential to its economic stability. The country is increasingly investing in innovative technologies and green practices, ensuring its competitiveness in the global market. With a focus on research and development, Hungary is well-positioned to continue its trajectory as a prominent player in the global manufacturing arena for years to come.