Investment volume in Hungary dropped 1.1% yr/yr in the first quarter of 2011 and was up 1.7% according to seasonally adjusted figures from the fourth quarter of 2010, the Central Statistics Office (KSH) said on Tuesday.
The yr/yr drop was below the expectation for a 3% yr/yr drop of analysts polled by the financial daily Napi Gazdaság.
Investment volume dropped yr/yr now for the 13th quarter in a row, but the drop slowed from 7.8% in Q4 2010 and was the smallest since the decline started at the beginning of 2008.
First-quarter investment volume rose from the previous quarter after a 2.3% quarter-on-quarter drop in the fourth quarter last year.
KSH figures show quarter-on-quarter rises in 2008 and rises and drops varying since the beginning of 2009.
Investment into machinery, equipment and vehicles rose 4.2% yr/yr after falling 1.9% yr/yr in Q4 and falling 1.4% in the full year of 2010. Construction-type investment fell 8.0% yr/yr after dropping 11.3% in Q4 and dropping 8.3% last year.
Except for a 0.3% rise in 2007, investments in Hungary fell in volume terms each year since 2006.
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