Investment volume in Hungary contracted by an annual 9.9% in the second quarter, data released by the Central Statistical Office (KSH) show.
In absolute terms, investment volume came to 2,298.4 billion forints (EUR 6.4bn). Private sector investments dropped by 12.1% to 1,317.3 billion forints, while public sector investments dropped by 19.1% to 309.2 billion. KSH attributed the decline in public sector investments to a slowdown in European Union-funded projects, while corporate investments were impacted by the unfavourable economic environment due to the pandemic.
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