KSH: Investments increased by 4.2 percent in 2021

By: Trademagazin editor Date: 2022. 03. 01. 11:28

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In the fourth quarter of last year, the volume of investments increased by 0.2 percent compared to the same period of the previous year, decreasing by 1.6 percent compared to the previous quarter, seasonally adjusted. In 2021, the volume of investments increased by 4.2 percent, compared to the low base due to the pandemic a year earlier, the Central Statistical Office (KSH) announced on Tuesday.

Investments rose over four percent last year

In addition to declining budget and household activity, investment has been shaped by expanding business developments in the last three months of last year.

Within the 0.2 percent annual increase in the volume of investment activity, construction investment, which weighs 64 percent, was 3.3 percent higher than a year before, while investment in machinery and equipment, which accounted for 35 percent, fell by 4.6 percent. The latter decline was mainly due to a decline in investment in imported machinery. (MTI)