Facts & Statistics

Investments increased 10.8 percent in the second quarter

Investments in machinery, mainly in manufacturing and services, boosted performance, the Central Statistical Office (CSO) reported on Tuesday.

Compared to the previous quarter, the seasonally adjusted volume of investments increased by 3.6 percent and slightly exceeded the highest level measured in the third quarter of 2019. The seasonally adjusted volume of construction investments increased by 2.3 percent, and that of machinery and equipment investments by an outstanding 7.1 percent.

Compared to the second quarter of last year, the volume of construction investments increased by 3.2 percent, and that of machinery and equipment investments by 23.9 percent.

The volume of developments for enterprises with at least 50 employees increased significantly, by 13 percent, which also included the resumption of projects temporarily suspended due to the epidemic. 

Developments at budgetary bodies were essentially stagnant, 0.2 percent higher than a year earlier, while central agencies increased and local governments reduced their investments compared to the second quarter of last year.

Manufacturing developments, which accounted for the largest share of investments, grew by 10.7 percent in the second quarter, making this sector the largest contributor, 2.8 percentage points, to investment growth.

Investment in construction also grew at a record 58.3 percent.

Housing construction slowed down, while business real estate developments helped fuel the real estate market, which achieved 4.3 percent growth compared to the previous two quarters.

The investment volume of transportation and warehousing increased by 14.1 percent, mainly due to state developments related to roads and railways. 

The investment performance of the national economy significantly increased, by 2.3 percentage points. Here, developments in retail trade, especially food-type mixed retail trade, expanded significantly.

In addition to gym and swimming pool construction, investments in arts, entertainment and leisure increased by 67.0 percent as a result of spa developments, which significantly increased the change in the volume of investments by 2.2 percentage points.

Healthcare improvements were 11 percent lower than the high level of the second quarter of last year.

Developments in education continued at a rate of 13 percent, while investments in agriculture continued their decline for the fifth quarter.

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