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Investments Up in Hungary, Helped by Developments of Foreign-Owned Companies

• 29 Nov 2022 5:47 AM
• Hungary Matters

Investment volume in Hungary grew by an annual 7.7% in the third quarter, edging down from a 7.8% annual increase in Q2, the Central Statistical Office (KSH) said, adding that the increase in investments could be explained by the dynamic activity of households and businesses combined with shrinking government investments.

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 investments grew by 10.3%, picking up from a 3.0% increase in the previous quarter, helped by developments of foreign-owned companies.

Public sector investment fell by 10.5% after growing by 3% year on year in the second quarter.

Full report available here

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