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Declining growth in equipment investment and movable property leasing

Author

Listed:
  • Joachim Gürtler
  • Arno Städtler

Abstract

Despite a robust business development, leasing companies have been assessing their prospects increasingly more pessimistically for some months now. Accordingly, the business climate in the German leasing sector has been worsening since last summer. Currently it stands at 18%age points, only as half as high as at the end of 2007. For the first two months of 2008, the leasing firms continue to report a favourable business situation: 37% assessed current business as good in February, 59% as satisfactory and only 3% of the survey participants felt their current business situation was poor. Business expectations were still dampened, however, because of the business tax reform. The index of business expectations declined another 4%age points and is at a long-year low. Three in four leasing companies expect their business situation to remain stable in the coming six months, 16% foresee a more favourable business development and 12% have more pessimistic expectations.

Suggested Citation

  • Joachim Gürtler & Arno Städtler, 2008. "Declining growth in equipment investment and movable property leasing," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(05), pages 23-26, March.
    • Handle: RePEc:ces:ifosdt:v:61:y:2008:i:05:p:23-26
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    File URL: https://www.ifo.de/DocDL/ifosd_2008_5_4.pdf
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    References listed on IDEAS

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    1. Annette Weichselberger, 2008. "Ifo Investment Survey: western German manufacturers continue to invest," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(04), pages 25-29, February.
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    Cited by:

    1. Joachim Gürtler & Arno Städtler, 2009. "Drastic decline in equipment investments - business climate in movables leasing slowly leaves historic lows," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(06), pages 16-19, March.

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    More about this item

    JEL classification:

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

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