Hungary investment volume falls 2.1% in Q3
Investment volume in Hungary fell 2.1% year-on-year in the third quarter, the Central Statistics Office (KSH) said on Thursday. Investment volume fell a seasonally-adjusted 1.1% quarter-on-quarter. Investments in buildings and other structures fell 6.5% year-on-year, but investments in machinery, equipment and vehicles climbed 3.7%. Manufacturing sector investments rose 3.8%, boosted by ongoing automotive industry expansions. Investments in the transport and logistics sector were up 9.0%, lifted by European Union-supported road projects. Investments in public administration and defence increased 7.2% because of flood protection projects. Investments in the health and social services sector plunged 57.8% and investments in the education sector were down 36.9% as big EU-financed projects wound up. Investment volume in Q1-Q3 fell 5.2% from the same period a year earlier. In absolute terms at current prices, investment volume came to HUF 1,035.8 billion in Q3 and HUF 2,666.7 billion in Q1-Q3.
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