KSH: investments decreased by 1.8 percent in the first quarter

By: Trademagazin editor Date: 2020. 05. 28. 11:36

Partly due to the domestic and international economic effects of the coronavirus pandemic, a longer-term increase in investment was broken, with the volume of developments in the first quarter decreased by 1.8 percent year-on-year, but in some areas such as health and information and communication , property, plant and equipment increased significantly – the Central Statistical Office (KSH) reported on Thursday.

The declining use of EU funds also played a role in the decline in investment.
The seasonally adjusted volume of investment was 1.1 percent lower than in the previous quarter. Within this, the seasonally adjusted volume of construction investment increased by 0.2 percent, while that of machinery and equipment investment decreased by 2.2 percent. (MTI)