Investment volume in Hungary rose by an annual 7.7 percent in the third quarter, edging down from a 7.8 percent annual increase in Q2, the Central Statistical Office (KSH) said on Monday.
KSH said the increase in investments can be explained by the dynamic activity of households and businesses and decreasing investments from the government. Developments in the manufacturing industry, the energy sector as well as housing construction increased, while investments related to transport, storage and agriculture held back economic performance.
Corporate investment climbed by 10.3 percent, picking up from a 3.0 percent increase in the previous quarter, helped by developments of foreign-owned companies. Public sector investment fell by 10.5 percent after growing by 3.0 percent year-on-year in the second quarter, as central government investments decreased significantly but local governments slightly increased their purchases of fixed assets, KSH said.