Investment volume in Hungary dropped 8.9pc year-on-year in the third quarter of 2009, figures published by the Central Statistics Office (KSH) on Friday show. The yr/yr fall, continuing now for the seventh quarter in a row, steepened from a 4.7pc drop in Q2 and a 7.7pc yr/yr decrease in Q1 2009.
Q1-Q3 investment volume fell 7.1pc from the same period last year.
Q3 investments fell a seasonally-adjusted 1.8pc from Q2 after a 0.4pc quarter-on-quarter rise in Q2 and a 1.1pc drop in Q1 from Q4 2008.
Construction-type investments were down 2.6pc yr/yr in Q3 after a 1.1pc rise in Q2, and fell 2pc yr/yr in Q1-Q3.
Investment in machinery and equipment fell at a practically unchanged rate of 11.5pc from a year earlier in the third quarter and was down 13.2pc yr/yr in the first three quarters.
2008 investment volume dropped 3.0pc from 2007.
Published every Tuesday, the Budapest Business Week newsletter contains all the previous week's headlines from Realdeal.hu and related stories from other All Hungary sites, as well as a list of upcoming events of interest to the foreign business community in Hungary.
Leave a Comment