Daily News Hungary

Budapest, November 28 (MTI) – Investment volume in Hungary fell by an annual 9.3 percent in the third quarter, as against a 20.3 percent decline in the second quarter of the year, the Central Statistical Office (KSH) said on Monday.

For the first three-quarters of 2016 investment volume was down by 14.3 percent.

For all sectors combined, in absolute terms, investments added up to 1,216 billion forints (EUR 3.92bn) at current prices in the third quarter. In the first nine months of the year, investment value totalled 3,054.3 billion forints.

While investments grew by an annual 3.3 percent in the business sector in the third quarter, investments by central budget organisations contracted by 57 percent due to the lower volume of developments financed from European Union resources, KSH said.

In the third quarter of 2016, investments grew 2.7 percent compared to the previous quarter according to seasonally-adjusted data.

Source: MTI

Leave a Reply

Your email address will not be published.