Investitionsklima auch 2003 getrübt. Ergebnisse des WIFO-Investitionstests von Ende 2002 (Investment Recovery Remains Uncertain. Results of the WIFO Autumn 2002 Investment Survey)
Die Unternehmen der Sachgütererzeugung und die Versorgungsbetriebe wollen 2003 wieder mehr investieren. Maßgeblich dafür sind
Großprojekte, vor allem in der Kfz-Branche. Lässt man diese außer Acht, so bleibt das Investitionsklima in der Sachgütererzeugung
auch 2003 verhalten. In der Bauwirtschaft werden die Investitionen heuer weiter zurückgehen.
Keywords:WIFO-Investitionstest; Sachgütererzeugung; Industrie; Bauwirtschaft; Versorgungssektor; Österreich
Forschungsbereich:Industrie-, Innovations- und internationale Ökonomie
Sprache:Deutsch
Investment Recovery Remains Uncertain. Results of the WIFO Autumn 2002 Investment Survey
According to the investment survey conducted in October-December 2002, fixed capital investment in manufacturing decreased
by 9.6 percent in 2002 over the previous year and is expected to grow by 5.7 percent in 2003 (both in current prices). Expressed
in constant prices the expected increase in investment is about 4.5 percent. The investment recovery in manufacturing is subject
to many risks and uncertainties. The expected increase, for instance, is nearly entirely attributable to the substantial jump
in investment in the motor vehicles industry and – to a lesser extent – in the intermediate industry. It is unclear to what
extent such plans will actually be implemented. The enterprises in the remaining industries are still extremely cautious about
their plans for the current year 2003. Excluding the results for the motor vehicle industry, investment is expected to decrease
by 1.8 percent in 2003. The share of investment in non-electronic machinery and equipment increased, while the share of both
building investment and electronic equipment fell. In the construction sector, investment spending fell sharply in 2002, with
no sign of recovery in 2003. Here enterprises plan to reduce their investment by 5 percent in 2003 (in nominal terms). Suppliers
of electricity, gas, water and public transport announce a significant increase in investment spending for 2003. After five
years of reductions in capital outlays, the survey results point to growth rates of 18.9 percent for electricity and 31.1
percent for gas, water and public transport.