Investment Volume Up 7% In Q4

  • 29 Feb 2016 3:00 AM
Investment Volume Up 7% In Q4
Investment volume in Hungary grew by an annual 7% in the fourth quarter, bringing 2015 investment growth to 0.6%, the Central Statistical Office (KSH) said. Investment growth reflected almost exclusively activity in the public administration, social insurance and defence sectors where investments were up 90% from a year earlier in Q4 and rose nearly 50% in the full year.

Investment volume in the fourth quarter fell in all other main sectors, and in 2015, the only other sector with an increase was the logistics sector. Manufacturing sector investment volume was down 7.1% in the year to Q4 and fell by 6% in 2015.

Overall investment growth slowed from 14% in 2014. Investments in Hungary started to rise in 2013 after decreasing every year between 2009 and 2012.

Investments in Hungary grew last year on fourth-quarter investments in the public sector including education, health care and public administration as well as in the energy and information and communication (ICT) segments, Economy Minister Mihály Varga said, commenting on data release.

The minister said the government has great expectations for the recently extended home purchase subsidy programme (CSOK), which could give a boost to home construction from the second half of the year.

Developments related to ICT and digitalisation, as well as energy sector investments, are expected to pick up in the coming months, the minister added.

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