Investment activities increased year-on-year, investments increased in 17 out of 19 monitored sectors of the economy

In the first three months of 2023, the volume of investments increased year-on-year at current prices by more than a fifth, the most investments continued to be made in the field of real estate and in enterprises focusing on industrial production.

Investment activity at current prices maintained a significantly higher growth rate even in the 1st quarter of 2023. The volume of investments, which is reflected in the gross fixed capital formation, reached EUR 5.2 billion, which at current prices represented a year-on-year growth by 21.7% (5.7% at constant prices), while investment growth continued throughout the last year.

The gross capital formation reached the volume of EUR 4.5 billion and the change in inventories was in negative numbers by almost EUR 700 million.

Of the total number of the 19 monitored sectors, 17 of them recorded year-on-year growth in investment in current prices, lower investment remained only in two (public administration and defense; compulsory social security and education). A third of the funds was invested in real estate activities, investment increased by 35.5%.

The second highest volume of investments was directed to industrial production (19.2%), in which investments were higher by 14.5% year-on-year. Investments increased year-on-year in 9 out of 13 sectors of industrial production. The most significant increase was recorded in manufacture of chemicals and chemical products by almost three and a half times, as well as in manufacture of transport equipment by 22.5%, which represents the most important sector of industrial production in terms of investment. Funds invested in manufacture of basic metals and fabricated metal products contributed significantly to the overall result by 26.8%.

The third highest volume of investments was directed to the transportation and storage, their growth increased year-on-year by 25.6%. This was followed by 42.3% higher investments in the supply of electricity, gas, steam and air-conditioning with a share of 7.6%.