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Investment volume falls 3 percent in Q4

Investment volume in Hungary shrank by an annual 3.0 percent in the fourth quarter, the Central Statistical Office (KSH) said on Thursday.

Quarter on quarter, volume rose by a seasonally adjusted 1.5 percent.

KSH said most branches of the national economy had contributed to the decline, with investments in manufacturing and real estate deteriorating overall performance, but public administration and the energy industry contributing to it.

In the full year of 2023, investment volume fell by 8.5 percent from the previous year.

Commenting on the data, the national economy ministry said the quarter-on-quarter increase in investment volume was a promising sign suggesting a gradual pick-up in investment activity. The ministry reiterated that the goal was to restore economic growth in 2024 and to maintain it around 4 percent. To achieve that, the government wants to restore consumption, boost labour market activity and maintain the ratio of investments above 25 percent, the ministry said.

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