Investment volume up 9.8% in 2013
The volume of investments in the national economy increased by 9.8% year-on-year in the third quarter of 2013, the latest round of figures released by the Central Statistics Office (KSH) today. KSH noted that expansions was observed in the vast majority of subsectors as well.
Investment in machinery and equipment rose by 10.1% and in construction by 9.5% y.o.y. The main contributor to the growth of the output value of investments was the 13.6% expansion in manufacturing, representing nearly one-third of total investment. Within this, outstanding growth in investment was seen in the manufacture of transport equipment and related supplying divisions as well as in manufacture of food products, beverages and tobacco products.
The investment volume rose nearly two-fold in the area of water and waste management (90.6%), which KSH attributed to new water treatment and sewer construction project. The 4.6% growth in transportation and storage was attributed to railway construction and renovation, road construction and transport equipment purchases.
In agricultural machinery/equipment and silo construction, investment grew a big 36.3% for the agriculture sector. In motorcycle sales and repair, the volume increased by 21.3%. A “notable” 11.7% expansion of investment output in public administration and defense KSH chalked up to large-scale flood protection projects, refurbishment of public buildings and disaster management development.
Some decreases within subsectors were observed. Investment in electricity, gas, steam and air-conditioning supply fell by 30.7%. A decline in home constructions resulted in a 12.1% y.o.y. decrease in real estate investment volume, and investment in financial and insurance activities was down 11.2% y.o.y.
For the first three quarters of 2013, a total of HUF 2.823 trillion was invested, itself a 3.1% year-on-year increase when adjusted for inflation.
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