Investments in Hungary drop 6.5% yr/yr in Q2
Investment volume in Hungary dropped 6.5% yr/yr in the second quarter and was down 2.4% according to seasonally adjusted figures from the first quarter, the Central Statistics Office (KSH) said on Wednesday.
Investment volume dropped 1.1% yr/yr in Q1 after a minus of 7.8% in Q4 2010, and was up 1.7% according to seasonally adjusted figures from Q4 of 2010 when it dropped 2,3%.
Investment volume dropped yr/yr now for the 14th quarter in a row. Previously, Q1 drop was the smallest since the decline started at the beginning of 2008.
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 4.5% yr/yr after rising 4.2% yr/yr in Q1 and falling 1.9% in Q4. It fell 1.4% in the full year of 2010. Construction-type investment fell 13.7% yr/yr after decreasing 8.0% in Q1 and dropping 11.3% in Q4. It fell 8.3% last year.
Except for a 0.3% rise in 2007, investments in Hungary fell in volume terms each year since 2006.
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.