ADVERTISEMENT

Investment volume up 9.8% in 2013

Sustainability

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.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.