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Ifo Institute: Expansion of plant and equipment expenditure and equipment leasing set to continue also in 2008

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  • Joachim Gürtler
  • Arno Städtler

Abstract

The business climate in the German leasing sector worsened in the summer months of 2007, reflecting the decline in the confidence indicator for industry and trade. Nevertheless, assessments of the current business situation seem to indicate some amount of stabilisation. The current situation is again assessed much more favourably than the six-month outlook. The early indicator for investment indicates for 2008, after the strong improvement in 2007, a noticeable slowdown in growth in plant and equipment expenditure, including non-tangibles. The expected growth will still amount to 4 percent in nominal terms. Price adjusted and for equipment purchases alone, this would mean a plus of about 6 percent. The growth pace will decline, however, from quarter to quarter, since there will be a weakening in the cyclical components. For 2009, the beginnings of a weak investment period are emerging.

Suggested Citation

  • Joachim Gürtler & Arno Städtler, 2008. "Ifo Institute: Expansion of plant and equipment expenditure and equipment leasing set to continue also in 2008," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(12), pages 57-60, June.
    • Handle: RePEc:ces:ifosdt:v:61:y:2008:i:12:p:57-60
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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.
    2. Joachim Gürtler & Arno Städtler, 2007. "Excellent business situation for leasing - boom in equipment investment," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 60(12), pages 54-57, June.
    3. Projektgruppe Gemeinschaftsdiagnose, 2008. "Joint Economic Analysis in Spring 2008: Economic Activity Hampered by the Repercussions Impact of the US Real-estate Crisis," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(08), pages 03-71, April.
    4. Joachim Gürtler & Arno Städtler, 2007. "Boom in plant and equipment spending peaks out - business expectations in leasing moving sideways," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 60(23), pages 32-35, December.
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    Cited by:

    1. Manuel Birnbrich, 2008. "Retailing: Also in 2008, continuing investment dynamics mainly borne by large retailers," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(15), pages 41-45, August.

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    JEL classification:

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

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