The WIFO Investment Survey: Investment Hit by Recession

Aggregate investment, which had outpaced GDP growth for years, lagged behind in 1992 and will shrink by 2.9 percent at constant prices in 1993. In the economic sectors sampled by WIFO it is set to fall by 10 percent in volume, in manufacturing industry by as much as 19 percent. While capital spending of the construction sector will also decline somewhat electricity companies and public utilities envisage an increase.