Investment volume in Hungary dropped 11% year-on-year in the fourth quarter of 2009, bringing the full-year decline in 2009 to 8.6%, figures published by the Central Statistical Office (KSH) on Friday show. The yr/yr drop, continuing now for the eight quarter in a row, was the steepest in the period.
Q4 investments fell a seasonally-adjusted 1.3% in Q4, dropping now for the second quarter after a quarter-on-quarter rise in Q2 and a drop in Q1.
Investment into machinery, equipment and vehicles fell 15.5% yr/yr in Q4 and was down 14.0% in 2009 from 2008. Construction-type investment fell less, by 7.4% yr/yr in the fourth quarter and by 4% in the full year.
The 2009 decline came after a 1.9% drop in 2008, no change in 2007 and a 1.2% fall in 2006. Investment volume in Hungary rose in each of the preceding ten years. (MTI-Econews)