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Cooler business climate in the leasing sector - weaker car leasing dampens the investment indicator

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  • Joachim Gürtler
  • Arno Städtler

Abstract

The business climate in the German leasing sector is currently marked by two opposite developments: A no longer so positive assessment of the current situation is offset by a slightly more optimistic appraisal of the business outlook. On balance, the business climate remains at about the level of the previous quarter, in which it surprisingly declined. The smoothed indicator has already fallen for the sixth time in succession and is at its lowest level in 3½ years. On balance, the assessments of the current situation worsened vis-à-vis the previous quarter from +22 percent to +16 percent and thus were at the previous-year level. The six-month outlook improved, with a balance of +15 percent. One in five leasing companies expect a favorable development, whereas 6 percent have a more pessimistic outlook. The employment level stabilized, following visible improvement in the first three months of 2006.

Suggested Citation

  • Joachim Gürtler & Arno Städtler, 2006. "Cooler business climate in the leasing sector - weaker car leasing dampens the investment indicator," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(22), pages 56-61, November.
    • Handle: RePEc:ces:ifosdt:v:59:y:2006:i:22:p:56-61
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    References listed on IDEAS

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    1. Corporate author, 2006. "Die Lage der Weltwirtschaft und der deutschen Wirtschaft im Herbst 2006," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 73(43), pages 561-614.
    2. Arbeitsgemeinschaft deutscher wirtschaftswissenschaftlicher Forschungsinstitute, 2006. "The State of the World Economy and the German Economy in the Fall of 2006," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(20), pages 03-54, October.
    3. Joachim Gürtler & Arno Städtler, 2006. "Clouding of the business outlook in leasing – will the expansion in equipment investment continue?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(16), pages 25-29, August.
    4. Annette Weichselberger, 2006. "Western German Industry: Investment activity reviving again," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(18), pages 30-35, September.
    5. Arbeitsgemeinschaft deutscher wirtschaftswissenschaftlicher Forschungsinstitute, 2006. "Die Lage der Weltwirtschaft und der deutschen Wirtschaft im Herbst 2006," Wirtschaft im Wandel, Halle Institute for Economic Research (IWH), vol. 12(2. Sonder), pages 1-67.
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    Cited by:

    1. Arno Städtler, 2006. "Investment Expansion Boosts Leasing SectorValue-added tax increase retards private leasing," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 59(23), pages 21-31, December.

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    JEL classification:

    • L89 - Industrial Organization - - Industry Studies: Services - - - Other

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