Investments decrease in Hungary in Q1 2015
The volume of investments in Hungary’s national economy fell by 4.5% in the first quarter of 2015 compared to the same period of the previous year, reported the Central Statistical Office (KSH) earlier this week. Investments stagnated in manufacturing and decreased in the rest of the segments except for a few smaller segments.
According to seasonally adjusted volume indices, investments went down by 1.1% in comparison with the previous quarter.
In Q1 2015:
- Investment activities were reduced by 4.5%, within which investments in machinery and equipment were 1.0% and construction investments 8.9% lower compared to the same period of the previous year.
- Investment output decreased in the majority of segments, and out of the segments with the largest weight, the volume of investments in transportation and storage fell by 8.3% compared to the corresponding period of the previous year. The reason for this was a significant fall in railway and motorway constructions, the development of city transport networks, and the modernisation of vehicle stocks.
- Out of sections representing relatively low shares, investments were substantially reduced in financial and insurance activities (32%), human health and social work activities (29%), education (26%) as well as administrative and support service activities (15%).
- The output of investments fell by one-fifth in public administration and defence as well as compulsory social security.
- Investments in manufacturing, accounting for one-fifth of all investments, essentially stagnated (+0.2%), higher growths within the branch were measured in the manufacture of chemicals and chemical products as well as machinery and equipment n.e.c.
- Investments increased significantly in water supply, sewerage and waste management (28%) and electricity, gas and steam supply (15%).
Source: Central Statistical Office (KSH)
