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Hungary’s investment growth at 2.5 pc in Q1
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Investment volume in Hungary rose by an annual 2.5 percent in the first quarter of 2021, level with the rate of growth in the previous quarter, the Central Statistics Office (KSH) said on Monday.
Investments in machinery climbed by 7.0 percent, but construction investments edged down by 1.0 percent.
In absolute terms, Q1 investments reached 1,979 billion forints (EUR 566.1bn). Construction investments accounted for about 53 percent of the total.
Private sector investments dropped 6.3 percent to 1,055 billion forints, while public sector investments climbed by 30.6 percent to 260 billion.
Manufacturing sector investments fell by 10.1 percent, construction sector investments jumped by 48.2 percent and investments in the commercial accommodations and catering sector increased by 12.8 percent.
Investment volume started rising again in Q4, after three consecutive quarters of declines.
The decline in trade in services slowed somewhat in the first quarter but remained in the double digits, KSH said. Exports of services fell by an annual 24.6 percent to 4.277 billion euros, while imports dropped by 16.3 percent to 3.451 billion.