Investment volume increased by 0.2% in the 4th quarter of 2021 compared to the same period of the previous year and grew by 4.2% in 2021 as a whole
In the 4th quarter of 2021 the volume of investments increased by 0.2% compared to the same period of the previous year, and lessened by 1.6% compared to the previous quarter (seasonally adjusted). Investment was impacted by a decreasing budgetary and household activity and an increase in business development. In 2021, overall investment grew by 4.2% compared to the lower base of a year earlier, being affected by the pandemic.
In the 4th quarter of 2021, seasonally adjusted:
The seasonally adjusted volume of national economy investments decreased by 1.6% compared to the previous quarter. Within it the seasonally adjusted volume of construction investments decreased by 0.4%, investments in machinery and equipment decreased by 4.9%
In the 4th quarter of 2021 compared to the same period of the previous year:
The volume of investment activity increased by 0.2%, within it construction investments representing 64% of the performance value grew by 3.3%, investments in machinery and equipment representing 35% of the total value of investments decreased by 4.6%. In the latter case, the fallback was mainly due to a decline in imported machinery and equipment investment.
The volume of investments in the case of enterprises employing at least 50 people and realising more than half of the investment performance increased by 6.0%, driven by the continued increase of developments by foreign owned enterprises. At the same time in the case of budgetary units, realising 14% of investments, developments fell by 16%; the creation of additional budgetary reserves at the end of the year played a role in this trend.
Trends in the evolution of investment over the reference period differ between sectors. Developments of manufacturing, the largest investor, accounting for more than one quarter of developments in the national economy, increased greatly, by 17%. Performance increased in most subsections, including the three heaviest weighted fields: the manufacture of electrical equipment, the manufacture of transport equipment and the food industry, too.
The performance of real estate activities, the second largest investor, accounting for 23% of developments in the national economy declined significantly in the 4th quarter (-13), mainky due to the sharp decline in dwelling constructions., Developments in business facilities for rent (e.g. warehouses, office buildings) increased in volume at the same time.
Investment volumes in transport and storage continued the expansion of previous quarters (+20%), with passenger transport companies increasing their investments in addition to public infrastructure developments.
Public administration and compulsory social security developments fell by 19%, both central government's and local government's decreasing developments contributed to the trend.
A modest 3.2% volume growth in trade and repair of motor vehicles has been registered. The largest contributor, retail trade, saw a moderate increase in its development.
In contrast to the expansion of the previous quarters, investment in arts and recreation fell (-5.7%), lower volumes of public development in sports and culture contributed to the decline.
Investment outlay of national economy
| Section | Quarter 4 of 2021 | Quarters 1 - 4 of 2021 | ||
|---|---|---|---|---|
| at current prices,billion HUF | volume change, compared to the corresponding period of the previous year, % | at current prices,billion HUF | volume change, compared to the corresponding period of the previous year, % | |
| Total | 4 707 | 0.2 | 12 511 | 4.2 |
| Of which*: | ||||
| manufacturing | 1 188 | 16.7 | 3 221 | 9.5 |
| real estate activities | 1 1077 | –13.2 | 2 474 | –6.1 |
| transportation and storage | 615 | 20.1 | 1 778 | 13.7 |
| public administration and defence | 264 | –18.8 | 579 | –21.0 |
| trade and repair of motor vehicles | 247 | 3.2 | 721 | 18.0 |
| arts and recreation | 174 | –5.7 | 508 | 25.0 |
* Data of the six largest weight carrying sections, based on investment performance of the given quarter
Manufacturing and transportation and storage contributed the most to the 0.2% volume increase of the investments of the national economy in the 4th quarter of 2021 (by 3.6 as well as 2.2 percentage points). Commerce has a minor impact (0.2 percentage points) to the growth of investment activity. The volume increase has been held back, at the same time by the performace decrease in real estate activities and public administration. Art and recreation investment performance lessened in a small degree, by 0.2 percentage points, the investment volume change of the national economy.
In 2021 compared to the previous year:
The volume of investments in the national economy increased by 4.2%, within it the volume of construction investments grew by 3.7%, investments in machinery and equipment expanded by 5.3%.
The increase of investment prices (+9.8%) reached the highest level since 1998.
Investment performance increased in the case of enterprises employing at least 50 persons, providing 55% of investments by 8.0% and fell by 7.6% in the case of government bodies.
Considering the year as a whole, investments increased in the overwhelming majority of sections. Among the most important investing sections, investment grew by 9.5% in manufacturing, which accounts for more than a quarter of performance value, and by 14% in transport and storage, in contrast, in real estate activities, which account for nearly one fifth of investments in the economy, the volume fell by 6.1%. These three sections accounted for nearly six-tenths of investment.
Trade and repair of motor vehicles, the fourth largest area of investment, grew in volume (+18%), while public administration and defence fell (-21%).
There was a sharp increase in administrative and support activities (+28%), at the same time, the high base due to the epidemic situation led to a sharp setback in health services (-21%).