KSH: Developments in the food industry significantly exceeded the previous year

By: Trademagazin Date: 2022. 11. 28. 12:01

In the third quarter, the volume of investments increased by 7.7 percent compared to the same period of the previous year, and rose by 1.9 percent seasonally adjusted compared to the previous quarter, the Central Statistical Office (KSH) reported on Monday. In the first three quarters, the increase in investments was 7.7 percent compared to the same period last year.

The volume of investments increased

Within the 1.9 percent quarterly increase, the seasonally adjusted volume of construction investments increased by 4.5 percent, while that of machinery and equipment investments decreased by 2.0 percent. In an annual comparison, construction investments rose by 10.5 percent, machinery and equipment investments by 3.3 percent. Within machinery investments, the volume of imported machinery increased, while that of domestically produced machinery decreased.

Developments in the manufacturing industry, which represents 30 percent of the investments in the national economy, increased significantly by 30.6 percent in the third quarter, so this area contributed significantly, by 7.6 percentage points, to the increase in the volume of investments. The growth is mainly due to the large-scale projects started earlier in the production of electrical equipment, but the revival of investments in vehicle production also played a role in the growth. Developments in the third major sub-sector, the food industry, also significantly exceeded the previous year.