Investments Decreasing in Hungary

In the second quarter of 2020, the national economy’s investments further decreased, the volume of developments lagged 9.9% behind, compared to the same period of the previous year.

As the Central Statistical Office reports, most sections of the national economy contributed to this trend. The investments of the budgetary units declined in a larger degree than the developments of the enterprises. In the case of the former mostly the shrinking performance value of the EU projects, at the latter mainly the unfavorably changing economic environment caused the reduced activity.

In the second quarter of 2020, the seasonally adjusted volume of investments decreased by 3.3% compared to the previous quarter, continuing the trend that started in the 3rd quarter of 2019. Within it the seasonally adjusted volume of construction investments decreased by 2.9 %, while investments in machinery and equipment decreased in a larger degree, by 4.3%.