KSH: 4.5 percent less investments in the first quarter

Due to the high base, the volume of investments fell by 4.5 percent in the first quarter, compared to the first quarter of the previous year, when a total of 816.5 billion HUF was spent on investments in Hungary.

A year before, the annual growth rate of investments was 23.1 percent, which slowed down to 1.9 percent for the fourth quarter of 2014 – the Central Statistical Office (KSH) told MTI on Thursday.

The machinery and equipment investments decreased by 1.0 percent, while construction investments decreased by 8.9 percent, compared to the same period of the previous year. (MTI)