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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

UniCredit sees modest growth and fiscal overshoot for Hungary in 2024

Hungary’s economic rebound will be modest this year, around 2%, and the return to potential growth is set to be postponed to 2025 with GDP expanding around 3.2%, according to UniCredit bank's ... more

Raiffeisen Bank profit rises over €260mn in Hungary

more

Intesa Sanpaolo’s Hungarian unit closes record year in 2023

CIB realised a record HUF64bn (€160mn) in after-tax profit, up from HUF36.1bn a year ago, which translates to a robust 21.5% ROE, the Hungarian unit of Intesa Sanpaolo said on March 26.  ... more

Follow Us On

Most Read

  1. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  2. Don't mention the "D" word - Ukraine
    6 days ago
  3. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    4 days ago
  5. The models are wrong, climate change is accelerating faster than predicted
    1 day ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  3. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  4. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss