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Weaker Automotive Business Dampens Leasing Growth - Capital Investments Stay on Track for Growth

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  • Arno Städtler

Abstract

With 6.4% growth in 2017, leasing outperformed overall economic capital expenditure, as the latest ifo investment survey of German leasing companies shows. For the year 2018, the ifo Investment Indicator, which is jointly released by the ifo Institute and the Bundesverband Deutscher Leasing-Unternehmen (Federal Association of German Leasing Companies), signals an increase in equipment investment of 4.5% in nominal terms. Investments in non-residential construction are expected to increase by 2.1% in real terms, which should result in nominal growth of over 6%. The investment trend would thus be even more dynamic than in the previous year. This is probably also due to the upswing, which has been going on for some time now, and the steady rise in capacity utilisation in the German economy since 2013.

Suggested Citation

  • Arno Städtler, 2018. "Weaker Automotive Business Dampens Leasing Growth - Capital Investments Stay on Track for Growth," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(23), pages 36-46, December.
    • Handle: RePEc:ces:ifosdt:v:71:y:2018:i:23:p:36-46
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    References listed on IDEAS

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    1. Alexander Eck & Joachim Ragnitz & Simone Scharfe & Christian Thater & Bernhard Wieland, 2015. "Public Investments in Infrastructure: Development, Causal Factors and Growth Effects," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 72.
    2. Klaus Wohlrabe & Timo Wollmershäuser, 2017. "Constructing an Aggregate ifo Capacity Utilisation," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(15), pages 26-30, August.
    3. Projektgruppe Gemeinschaftsdiagnose, 2018. "Upturn Loses Momentum – World Economic Climate Grows Harsher," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(19), pages 03-74, October.
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    More about this item

    JEL classification:

    • L89 - Industrial Organization - - Industry Studies: Services - - - Other
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis

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