Investments in Hungary's economy up 7.2% y/y in 2013.

By bne IntelliNews March 3, 2014

Investments in Hungary's economy increased by 7.2% y/y to HUF 4,523bn (EUR 14.58bn) in 2013, reversing from a 5.2% y/y decline in 2012, the statistics office said. Seasonally-adjusted investments advanced by 1.3% on the quarter.

The manufacturing sector, which accounted for the largest share of investments (30.6%) in 2013, registered a 4.9% y/y increase in the investment activity. The transportation and storage sector, with a share of 15.3% of the total, saw a 15.6% y/y increase and investments in the agriculture, forestry and fishing sector were up by 9.3% on the year. Investments in wholesale and retail trade rose by 5.4% y/y.

On the other hand, real estate investments, holding a share of 12.7% of the total, dropped by 11.4% y/y last year.

In other classification, investments in machinery and equipment increased by 8.5% y/y in 2013, and construction investments registered a 5.9% annual rise.

In Q4 alone, investments in Hungary grew by 14.9% y/y, boosted by 136% y/y rise in the transportation and storage sector, an 11.5% y/y increase in manufacturing as well as a 148% y/y growth in the government predominant, public administration and defence sector.

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