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Hungary investment volume falls 8.9% in Q3

Investment volume in Hungary dropped 8.9% year-on-year in the third quarter of 2009, figures published by the Central Statistics Office (KSH) on Friday show. The yr/yr fall, continuing now for the seventh quarter in a row, steepened from a 4.7% drop in Q2 and a 7.7% yr/yr decrease in Q1 2009.

Q1-Q3 investment volume fell 7.1% from the same period last year.

Q3 investments fell a seasonally-adjusted 1.8% from Q2 after a 0.4% quarter-on-quarter rise in Q2 and a 1.1% drop in Q1 from Q4 2008.

Construction-type investments were down 2.6% yr/yr in Q3 after a 1.1% rise in Q2, and fell 2% yr/yr in Q1-Q3.

Investment in machinery and equipment fell at a practically unchanged rate of 11.5% from a year earlier in the third quarter and was down 13.2% yr/yr in the first three quarters.

2008 investment volume dropped 3.0% from 2007. (MTI-ECONEWS)