IDEAS home Printed from https://ideas.repec.org/a/ces/ifosdt/v61y2008i18p31-34.html
   My bibliography  Save this article

Plant and equipment investment will still boost economic activity in 2008 - movables leasing to expand at a slower pace

Author

Listed:
  • Joachim Gürtler
  • Arno Städtler

Abstract

In German leasing a clear correction in the confidence indicator occurred in July and August of 2008. The Ifo Business Climate for Leasing worsened in August and fell to its lowest position in five years. This was primarily the result of the firms expressing a very clear pessimism regarding their business expectations. Their appraisals of the current business situation, however, were somewhat more favourable. They are many indications that the currently good situation in leasing will chill perceptibly in the coming months. Also the investment indicator, based on leasing firms' appraisals of the current situation, points to a noticeable slowing in growth in plant and equipment investment by the end of the year. All in all, growth of only a nominal 6 percent is likely. In the two first quarters of 2009, investment in plant and equipment will increase by about 3 percent and will stagnate in the third quarter.

Suggested Citation

  • Joachim Gürtler & Arno Städtler, 2008. "Plant and equipment investment will still boost economic activity in 2008 - movables leasing to expand at a slower pace," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(18), pages 31-34, September.
    • Handle: RePEc:ces:ifosdt:v:61:y:2008:i:18:p:31-34
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/ifosd_2008_18_3.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Annette Weichselberger, 2008. "Western German manufacturing: despite clouded economic situation, a further investment plus planned," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(16), pages 29-34, August.
    2. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arno Städtler, 2008. "Clear cut backs in investments and leasing - 2009 threatens to be recessionary," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(24), pages 70-81, December.
    2. Joachim Gürtler & Arno Städtler, 2008. "Downturn in equipment investments - an historical low in the equipment leasing business climate," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(23), pages 49-52, December.

    More about this item

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifosdt:v:61:y:2008:i:18:p:31-34. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.