Planned Manufacturing Investment Expected to Increase by 17 Percent in 2011. Results of the WIFO Spring 2011 Investment Survey

According to the results of the WIFO Spring 2011 Investment Survey, investment in manufacturing expressed in current prices is expected to increase by 17 percent in 2011. The increase will be relatively greater for investment in structures (+33 percent) than for investment in equipment (+15 percent). A detailed look at broad manufacturing industry groups shows that the increase will be most pronounced in the production of motor vehicles, investment and intermediate goods, and less so in the consumer goods industry and in the production of food and beverages. In 2011, manufacturing firms will also raise investment in intangible assets (+2 percent). Construction firms intend to lower their total investments by 2 percent. After reaching extremely low levels, a rise in their building investments is expected for 2011. Investment in machinery, however, will be further reduced in 2011.