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Hungary’s investment volume up by 18.8% in Q2

Economy

Hungary’s investment volume up by 18.8% in Q2

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KSH hungary -central-bank0

The government of Hungary on Thursday said its volume of investment rose by an annual 18.8 per cent in the second quarter of 2019, the Central Statistical Office (KSH) reported.

In absolute terms, investments totaled 2,400.3 billion forints (or 8.11 billion U.S. dollars) during the period.

KSH noted that construction investments increased by 22.3 per cent, reaching 1,381.3 billion forints, while Machinery investments grew by 15.2 per cent and stood at 996.8 billion forints.

According to KSH, the figures showed that manufacturing sector investments increased by 29.7 per cent, reaching 618.7 billion forints, whereas, investments in the logistics sector were up 19.7 per cent at 397.7 billion forints.

While Real estate investments increased by 14.6 per cent to 381.2 billion forints, while Private sector investments were up 30.7 per cent at 1,429.9 billion forints, and Public sector investments increased by 20.9 per cent to 353.1 billion forints.

The Takarekbank chief analyst, Gergely Suppan, said high levels of business and consumer confidence supported a continued increase in investments.

He estimated that full-year investment growth would be close to 2018 17 per cent. (or 1 U.S. dollar (299.80 forints). (Xinhua/NAN)

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