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Investment Volume Falls by 12% in Q3

MTI-Hungary Today 2020.11.26.

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.

350 Companies Apply for Investment Support after Scheme Relaunch
350 Companies Apply for Investment Support after Scheme Relaunch

A total of 350 companies applied for government subsidies for investments that support job preservation during the coronavirus crisis within fifteen minutes after the support scheme was relaunched on Wednesday, Minister of Foreign Affairs and Trade Péter Szijjártó said on Facebook. The scheme, relaunched at noon on Wednesday, offers a total 61 billion forints (EUR […]Continue reading

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 billion in the manufacturing sector, 437.4 billion in real estate and 381.9 billion in the logistics sector.

Featured photo illustration by Sándor Ujvári/MTI