WIFO-Monatsberichte (monthly reports)

The WIFO-Monatsberichte (monthly reports) contain research results and publications by WIFO staff on national and international economic developments based on sound economic analyses. Additionally, important key figures on the international and Austrian economic situation are published in the WIFO-Monatsberichte.

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Jesús Crespo Cuaresma (Vienna University of Economics and Business)
Claudia Kemfert (German Institute for Economic Research)
Philipp Schmidt-Dengler (University of Vienna)
Jens Südekum (Heinrich Heine University Düsseldorf)
Andrea Weber (Central European University)

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Investitionen der Sachgütererzeugung brechen aufgrund der COVID-19-Krise ein. Ergebnisse des WIFO-Investitionstests vom Frühjahr 2020 (Investments in Manufacturing Collapse Due to the COVID-19 Crisis. Results of the WIFO Spring 2020 Investment Survey)
WIFO-Monatsberichte, 2020, 93(7), pp.519-526
Online since: 29.07.2020 10:00
 
Die COVID-19-Krise hat tiefgreifende Auswirkungen auf die heimische Investitionstätigkeit. Die Hochschätzung anhand der Angaben der im WIFO-Investitionstest erfassten Unternehmen ergibt für 2020 in der Sachgütererzeugung insgesamt um 19,5% geringere reale Investitionen als 2019. Insbesondere kleine und mittelgroße Betriebe planen eine Einschränkung ihrer Investitionen, während Großbetriebe eher an ihren Investitionsplänen festhalten. Vor allem die Hersteller von Vorprodukten und langlebigen Konsumgütern werden ihre Investitionen einschränken. Die Investitionen der Hersteller von Investitionsgütern nehmen leicht zu. Für Österreichs Gesamtwirtschaft rechnet das WIFO 2020 mit einem realen Rückgang der Bruttoanlageinvestitionen um 6,5%.
JEL-Codes:D22, D92
Keywords:Investitionen, Prognose, Sachgütererzeugung, COVID-19, IT_IB
Research group:Industrial, Innovation and International Economics
Language:German

Investments in Manufacturing Collapse Due to the COVID-19 Crisis. Results of the WIFO Spring 2020 Investment Survey
The COVID-19 crisis has a profound impact on domestic investment activity. An estimate based on firm-level data from the WIFO-Investitionstest (investment survey) shows a reduction of real investment in 2020 in the manufacturing sector by 19.5 percent. Small and medium-sized companies are planning higher reductions in their investments, while large companies are more likely to implement their original investment plans. Especially manufacturers of intermediate products and durable consumer goods will reduce their investments. The investments of manufacturers of investment goods are slightly increasing. For Austria's overall economy, WIFO expects a real decline in gross fixed capital formation of 6.5 percent in 2020.

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