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Q1 investment volume down 2.8 percent

Investment volume in Hungary fell by an annual 2.8 percent in the first quarter, the Central Statistical Office (KSH) said on Tuesday.

Quarter on quarter, investments were up 1 percent, based on seasonally adjusted data.

The volume of construction investments fell by 1.6 percent, while that of machinery and equipment investments went up by 5.9 percent.

Investments were worth 2,892 billion forints in the first quarter, with manufacturing accounting for 916 billion of the total and real estate 673 billion forints.

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