KSH: Hungary’s investment volume falls 4.5% in Q1
Investment volume in Hungary saw a year-on-year decrease of 4.5% in the first quarter this year following a y.o.y. growth of 1.9% in the fourth quarter last year, with investments adding up to HUF 816.5 bln at current prices, data published by Hungary’s Central Statistics Office today reveal.
KSH data suggest that investment output decreased in the majority of sectors. Investments in transportation and storage dropped by 8.3% as compared to the same period last year.
KSH added that investments were substantially reduced in financial and insurance activities (32%), human health and social work activities (29%), education (26%) as well as administrative and support service activities (15%). The output of investments fell by one-fifth in public administration and defense as well as compulsory social security.
Investments in manufacturing, accounting for one-fifth of all investments, stagnated (+0.2%); higher growth within the branch was measured in the manufacture of chemicals and chemical products as well as machinery and equipment n.e.c.
Investments increased significantly in water supply, sewerage and waste management (28%) and electricity, gas and steam supply (15%).
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