KSH: Investment volume up 5.7% in Q2 in Hungary

Analysis

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Hungary’s Investment volume saw a year-on-year rise of 5.7% in the second quarter of this year after falling 4.5% in the first quarter, with investments amounting to HUF 1.287 trillion at current prices, in absolute terms, Hungary’s Central Statistical Office said today in a report.

Data by KSH suggest that construction investments grew by 10.1% and investments in machinery, equipment and vehicles were up by 0.5%.

The volume of investments in transportation and storage rose by 45%, due to significant growth in railway and motorway construction, city transport networks as well as vehicle fleets, KSH said.

Investments increased significantly in electricity, gas and steam supply by 37%, water supply, sewerage and waste management by 25% and education by 21%.

Investment performance was 15.3% higher in public administration and defense as well as compulsory social security, while investments in manufacturing, accounting for one-fourth of investments, were reduced by 7.1%, KSH said.

Of the sections representing relatively low shares, investments were substantially reduced in agriculture by 29%, financial and insurance activities by 22%, professional, scientific and technical activities by 21% as well as wholesale and retail trade by 7.2%.

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