In the 4th quarter of 2022 the volume of investments decreased by 6.3% compared to the same period of the previous year, and lessened by 5.5% compared to the previous quarter (seasonally adjusted), the Central Statistical Office reports.
The investment volume has been shaped by a decrease in the budgetary, the households’ and also in business activity. The decline in the performance of the national economy as a whole in the current period was mostly offset by the significant expansion of the largest share representing manufacturing industry. In 2022, the volume of investments increased by 1.0% year-on-year.
In the 4th quarter of 2022, seasonally adjusted:
The seasonally adjusted volume of the national economy’s investments decreased by 5.5% compared to the previous quarter. Within it the seasonally adjusted volume of construction investments lessened by 6.3%, investments in machinery and equipment shrunk by 1.7%
In the 4th quarter of 2022 compared to the same period of the previous year:
The volume of investment activity lessened by 6.3%. Within it, construction investments representing more than six-tenth of the total volume of investments decreased by 6.6%, investments in machinery and equipment representing about three-tenth of the total value of investment fell by 5.5%. Within investments in machinery and equipment both the volume of imported machinery and that of domestically fabricated ones fell.
The volume of investment in the case of enterprises employing at least 50 people and realising 54% of the investment performance decreased by 2.7%. The general decline in investments was partly caused by larger companies, where both foreign-owned companies and state-owned ones moderated their developments. At the same time in the case of budgetary units, realising 12% of investments, developments lagged significantly, by 28% behind the base period value, among others due to the smaller volume of projects financed by EU funds during the current period. The volume of other investments (enterprises with fewer than 50 employees, individual enterprises, non-profit ones as well as households) decreased by 4.3%.
Despite the general decrease in investments, the performance value increased in six sectors of the national economy. Developments of manufacturing, the largest investor, accounting for three-tenth of developments in the national economy, increased greatly, by 13% in the current quarter. Large-scale projects going on for a longer time as well as newly starting ones in the field of electrical equipment production played a decisive role in the growth, as well as the revival of vehicle production, representing the second largest weight. Investment performance increased also in the subsections of the manufacture of rubber and plastics products; the manufacture of electrical equipment; and the manufacture pharmaceuticals, medicinal products, too.
The investment performance of real estate activities, the second largest investor, accounting for 24% of developments in the national economy declined by -2.8%, which is due, among other things, to the run-out of the lively office building construction projects, characterising the base period.
The decrease in investment volumes in transportation and storage, characterising the previous quarters, too, continued (-20%), the unfavorable performance was mainly due to the lessening in state infrastructural developments.
The reason of the 13% volume decrease in trade was – among others – the decrease in the investment activity of the trade (within it mainly in the developments of sale in non-specialised stores with food, beverages or tobacco predominating) in the current period, which stimulated the same period of the previous year.
Public administration developments fell by 17%, partly due to central and local government’s restrained investments.
After the significant expansion in the first half of the year, the investment performance in agriculture, forestry and fishing decreased by 8.1%, where the fact that larger companies dealing with stock-raising or crop production reduced their investment expenditures also played a role.


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