Investment Volume Falls 2.8% in Q1
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Investment volume in Hungary fell 2.8% year-on-year in the first quarter, data released by the Central Statistical Office (KSH) on Tuesday show.
Investment volume fell for the second quarter in a row, albeit at a slower pace than the 6.3% decline in Q4.
In a quarter-on-quarter comparison, investment volume rose a seasonally-adjusted 1%.
Investment volume was impacted largely by the fall in business sector investment activity, KSH said but pointed to the mitigating effect of higher investment volume in manufacturing, real estate, and farming.
Investment volume in construction dropped 8.5% year-on-year in Q1. Investment in machinery and equipment rose 5.3%.
Business sector investment slipped 7.9%, while public sector investment rose 2.3%.
In absolute terms, investments came to HUF 2.892 trillion in Q1. Manufacturing sector investment accounted for HUF 916 bln of the total and real estate investment for HUF 673 bln.
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