Investment in Manufacturing is Expected to Increase in 2008. Results of the WIFO Spring 2008 Investment Survey

According to the results of the WIFO Spring 2008 Investment Survey, investment in manufacturing (including mining, NACE 10 to 14 and 23) at current prices is expected to increase by 8.2 percent in 2008. The overall expansion can be mainly attributed to the manufacturers of investment goods and motor vehicles. In 2008, manufacturing firms will also raise investment in hardware (by 24.6 percent). However, investment in software is expected to decrease. In addition, manufacturing firms have increased investment in research and development (+11.0 percent) and investment for environmental protection (+32.1 percent). The construction industry plans to increase investment by 2.8 percent.