Investments grow at healthy 21.2% in Q2
Investments in the Hungarian economy grew by a robust 21.2% in the second quarter of 2014 as compared to the same period a year earlier, the Hungarian Statistics Office (KSH) said today.
"The output value of investments was HUF 1,210 billion at current prices," KSH reported.
The largest component of this investment, HUF 371.848 bln, was in the manufacturing sector and represented a 33.3% increase over the second quarter of 2013. Manufacturing has been driving the Hungarian economy, especially as far as private investment goes.
The second largest sector for investment was transportation and storage, an area dominated by government spending. This sector grew at a hefty y.o.y rate of 36.1%, reaching total of HUF 200.335 bln, KSH reported.
The largest percentage increase was in agricultural investment, which grew by 36.6% year-on-year in Q2, with a total investment of HUF 89.568 bln, KSH said.
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