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Hungary investment volume falls preliminary 2.1% yr/yr in Q2

Investments in Hungary fell 2.1 % year-on-year in volume terms in the Q2 of 2008 and H1 investment was down 3.3% year-on-year, preliminary figures published by the Central Statistics Office (KSH) on Friday show.

Second quarter investments rose a seasonally-adjusted 1.1% from Q1 2008, picking up after dropping a seasonally-adjusted 1.0% in Q1 from Q4 2007. In nominal terms, investments totaled Ft 1,027 billion (€4.32 billion) in Q2 and totaled Ft 1,836 billion in H1.

Machinery investment rose 10.5% yr/yr in Q2, picking up from a 8.4% increase in Q1 2008. Building investments fell 11.2% yr/yr in Q1 after a 15.5% yr/yr fall in Q1 2008. Investment volume was practically flat last year, increasing a mere 0.3%. (MTI-Econews)