Q4 Investment Volumes Fall 3%
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Investment volume in Hungary fell 3% year-on-year in the fourth quarter, slowing from double-digit declines in the previous two quarters, according to data released by the Central Statistical Office (KSH).
Investment volume fell for the fifth quarter in a row. In a quarter-on-quarter comparison, investment volume rose a seasonally adjusted 1.5%.
KSH said most branches of the national economy had contributed to the decline: investments in manufacturing and real estate weighed on the economy's performance during the period, while investments in public administration and the energy industry contributed to GDP.
In the manufacturing sector, investment volume fell 3.1% year-on-year. In the public administration sector, which includes defense, investments climbed 29.1%. Investment volume in construction dropped 4.1%. Investment in machinery and equipment edged down 1.1%. Business sector investment slipped 3.8%, and public sector investment jumped 42.6%.
In absolute terms, investments came to HUF 5.903 trillion in Q4. Manufacturing sector investment accounted for HUF 1.899 tln of the total and real estate investment for HUF 1.217 tln.
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