Investments grow at healthy 21.2% in Q2

Telco

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.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

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.