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Hardly any hope for a rapid recovery in equipment investments - business climate in the leasing sector remains poor

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  • Joachim Gürtler
  • Arno Städtler

Abstract

The business climate in the German leasing sector remains poor. The appraisals of the current situation are still very unfavourable, although the expectations for the summer half year point towards a moderate continuation of the recovery. The investment indicator, jointly compiled by the Ifo Institute and the Federation of German Leasing Companies, does not signal any significant revival of investment activity in 2010, following the extreme decline in equipment investment (including miscellaneous installations) by more than a fifth in 2009. The investment indicator points to a decline of between 2% and 3% in the first three quarters 2010. A slight increase in equipment purchasing will not come until the final quarter of the year, according to the model. On average for 2010, this means a nominal minus of 1% to 2%.

Suggested Citation

  • Joachim Gürtler & Arno Städtler, 2010. "Hardly any hope for a rapid recovery in equipment investments - business climate in the leasing sector remains poor," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(07), pages 23-26, April.
    • Handle: RePEc:ces:ifosdt:v:63:y:2010:i:07:p:23-26
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    References listed on IDEAS

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    1. Reinhard Hild, 2010. "Strong plus in car production in Germany expected," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(05), pages 44-49, March.
    2. Arno Städtler & Joachim Gürtler, 2009. "A collapse in investments and the legislator have a retarding effect on leasing - 23% less new business in 2009," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(24), pages 65-77, December.
    3. 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.
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    JEL classification:

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

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