Daily News Hungary economy

Investment volume in Hungary fell by an annual 12.0 percent in the third quarter of 2020, the Central Statistical Office (KSH) said on Thursday.

In a quarter-on-quarter comparison, investment volume fell by a seasonally-adjusted 2.1 percent.

Investment volume fell in most economic sectors but jumped by 98.4 percent in health care due to pandemic-related spending, KSH said.

The decline in investment volume was most apparent at companies with high headcounts, especially at foreign-owned and state-owned companies.

In Q1-Q3, investment volume fell by an annual 8.6 percent, albeit from a high base.

Trade investments rose by 6.3 percent and investments in information technology by 3.4 percent, while investments in public administration edged up by 2.1 percent.

Investment volume in the manufacturing sector was down by 18.2 percent.

In absolute terms, investments came to 2,504.3 billion forints (EUR 6.9bn) in Q3, including 607.1 billionn in the manufacturing sector, 437.4 billion in real estate and 381.9 billion in the logistics sector.

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Source: MTI

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