KSH: investments decreased by 2.8 percent in the first quarter

By: Trademagazin Date: 2023. 05. 30. 11:56

The volume of investments in the first quarter of 2023 decreased by 2.8 percent compared to the same period of the previous year, and compared to the previous quarter – seasonally adjusted – it increased by 1.0 percent. The volume of investments was typically shaped by the declining activity of businesses – the Central Statistical Office (KSH) announced on Tuesday.

The decline in the current period was moderated the most by the significant manufacturing industry, real estate investments, and the expansion of agricultural developments.

The seasonally adjusted volume of investments in the national economy increased by 1.0 percent compared to the previous quarter. Within this, the volume of construction investments shrank by 1.6 percent, while that of machinery and equipment investments increased by 5.9 percent.

Compared to the same period of the previous year, the volume of investment activity decreased by 2.8 percent. Within this, construction investments representing almost one-sixth of the performance value decreased by 8.5 percent, while investments in machinery and equipment, representing more than four-tenths, increased by 5.3 percent. The latter is primarily attributable to the almost 10 percent increase in the volume of imported machines and vehicles.