KSH: Hungary’s investments up 7% in Q4 in 2015
pixabay
The volume of investments in the Hungarian national economy was up 7% in the fourth quarter of last year, as compared to the same period a year earlier, while investment performance in 2015 as a whole was up 0.6%, Hungary’s Central Statistical Office (KSH) reported today.
Growth in the fourth quarter was chiefly due to the outcome of investments of budgetary units and entities, KSH said, and according to seasonally adjusted volume indices, investments grew by 1.9%. Investments in machinery and equipment increased by 17%, while construction investments were down by 0.3% during the period.
In the last quarter, investments grew by 70% in the public sector, and also grew in ten sections altogether, the most significantly – primarily due to investments in machinery and equipment at the end of the year, financed from EU sources – in human health and social work activities (110%), KSH reported.
Investments increased significantly in education (40%) as well as arts, entertainment and recreation (36%), KSH added. The performance of investments decreased by 4.2% in wholesale and retail trade, and repair of motor vehicles and motorcycles, according to KSH.
In relation to the whole year, investments in Hungary’s economy were up 0.6% and from this, investments in machinery and equipment rose 4.1%, while construction investments were down by 2.3%, KSH said.
Investments grew by 37% in the public sector over the year, and also in nine sections, the most significantly (49%) in the area of public administration and defence and compulsory social security. The performance of investments rose substantially in human health and social work activities (40%), water supply, sewerage and waste management (24%), electricity, gas, steam and air conditioning supply (21%) and education (20%), according to KSH.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Gov't Considering Fuel Price Intervention
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
