Results of the Spring 1991 Investment Survey: Demand for Capital Goods Keeping up Momentum
Despite a slowdown overall investment expenditure in 1991 will again rise faster than GDP, by 4¾ percent in volume. Demand for machinery and equipment in manufacturing industry reached a peak in 1990, expanding by 19 percent. In the current year, firms envisage a further increase by a price-adjusted 7 percent according to the latest WIFO survey. A rising share of capital outlays is accounted for by direct investment abroad. The construction sector intends to step up investment by 5 percent, a markedly slower rate than in 1990 (+15 percent). Conversely, electricity companies and public transportation and utilities plan for a strong rebound of capital spending, more than offsetting the cuts effectuated in 1990.
Year of publication: |
1991
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Authors: | Aiginger, Karl ; Czerny, Margarete ; Klameth, Wolfgang ; Musil, Karl |
Published in: |
WIFO Monatsberichte (monthly reports). - Österreichisches Institut für Wirtschaftsforschung (WIFO), ISSN 0029-9898. - Vol. 64.1991, 7, p. 400-411
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Publisher: |
Österreichisches Institut für Wirtschaftsforschung (WIFO) |
Subject: | Investitionskonjunktur hält weiter an. Ergebnisse des Investitionstests vom Frühjahr 1991 | Results of the Spring 1991 Investment Survey: Demand for Capital Goods Keeping up Momentum |
Description of contents: | Abstract [wifo.ac.at] |
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