Hungary PPI down, investment volume down

Budapest, August 31 (MTI) – Industrial producer prices fell by 2.3 percent in July from the same month a year earlier, the Central Statistical Office (KSH) said on Wednesday. Investment volume in Hungary fell by an annual 20.3 percent in the second quarter.

Hungary PPI down by annual 2.3 pc in July

Prices for domestic sales dropped by 3.5 percent while export prices were down 1.7 percent.

In a month-on-month comparison, industrial producer prices edged down by 0.3 percent as domestic prices were unchanged and export prices inched down 0.5 percent.

Hungary’s annual PPI has fallen for twelve months in a row.

Hungary investment volume down 20.3 pc in Q2

Investment volume fell after already dropping by 12.6 percent in the first quarter of the year.

For the first half of 2016 investment volume was down 17.3 percent.

The Economy Ministry attributed the drop in investments to the winding-up of the previous EU funding cycle, but noted that EU payments were already picking up in Q2 and should grow further during the year.