KSH: Investments in Hungary down 3.4% in Q3
The volume of investments in Hungaryʼs national economy was down 3.4% in the third quarter as compared to the high base last year, Hungary’s Central Statistical Office KSH reported today.
Data by KSH shows that investment performance was down by a year-on-year 0.3% in Q3, more precisely decreasing in the areas of manufacturing, transportation and storage as well as wholesale and retail trade.
According to seasonally adjusted volume indices, the volume of investments decreased by 0.9% in the third quarter as compared to the previous quarter, KSH said.
In year-on-year terms, the volume of investments in Q3 was down by 3.4%, within which construction investments were down by 2.4% and investments in machinery and equipment by 4.4%, KSH reported. Investments fell by 39% in agriculture, forestry and fishing, by 24% in the area of accommodation and food service activities, by 14% in construction and by 9.8% in wholesale and retail trade, repair of motor vehicles and motorcycles, KSH added.
Investments in manufacturing, accounting for one-fourth of investments, were reduced by a year-on-year 6.5% – following a growth of 7.9% a year earlier, KSH noted. The volume of investments in transportation and storage fell by 13%.
Investments were up in nine segments, with the largest increase being in public administration, defense and compulsory social security, up by a year-on-year 64%, KSH reported.
Home improvements and the increasing investments of enterprises engaged in operating or renting real estate boosted the segment of real estate activities by 10%, while investments increased significantly in electricity, gas, steam and air conditioning supply (43%), arts, entertainment and recreation (13%), as well as mining and quarrying (11%).
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