Investment up annual 5.7 pc in Q2

Budapest, August 31 (MTI) – Investment volume in Hungary was up an annual 5.7 percent in the second quarter of 2015 after falling 4.5 percent in the first quarter of 2015, fresh data published by the Central Statistical Office (KSH) on Monday showed.

In absolute terms, investments added up to 1,286.8 billion forints at current prices.

Construction investments grew 10.1 percent and investments in machinery, equipment and vehicles were up 0.5 percent.

In a sector-by-sector breakdown, the data showed investments were fuelled by a 44.8 percent expansion of logistic investments, to a total of 320 billion forints. The sector grew because of funds spent on infrastructure development.

Investment in manufacturing fell 7.1 percent and came to 328 billion forints, farm investments decreased by 28.8 percent and reached 61.9 billion forints, while investments tied to property were down 1.8 percent at 130 billion forints.

Investment volume in the second quarter of 2015 was up 1.7 percent compared to the first quarter. Volume was also up 1.7 percent when comparing the first half of 2015 to the same period a year earlier.

Source: http://mtva.hu/hu/hungary-matters