In 2009, according to business managers, investment would drop of 23% in manufacturing industryIndustrial investment survey - July 2009

Surveyed in July 2009, business managers emphasized their previous forecast of drop in the investment for 2009, which were delivered in April 2009. They now anticipate a reduction in their equipment expenditures of 23% in manufacturing industry and of 21% in the industry as a whole (against 21% and 18% respectively in April). This downwards revision is dued to equipement goods and intermediate goods industries whose business leaders’ expectations are repectively lower of 9 and 3 points. Only in automotive industry, expectations were higher (+ 6 points).

Informations rapides
No 224
Paru le : 28/08/2009
Prochaine parution le : 07/11/2017 at 08:45 - October 2017

Surveyed in July 2009, business managers emphasized their previous forecast of drop in the investment for 2009, which were delivered in April 2009. They now anticipate a reduction in their equipment expenditures of 23% in manufacturing industry and of 21% in the industry as a whole (against 21% and 18% respectively in April). This downwards revision is dued to equipement goods and intermediate goods industries whose business leaders’ expectations are repectively lower of 9 and 3 points. Only in automotive industry, expectations were higher (+ 6 points).

In 2008, investment were unstressed

Concerning 2008, business managers indicated that investment in value term increase slightly of 1%. Investment had been sustained by the equipment expenditures in equipment goods (+3%) and intermediate-goods industries (+1%).

Tableau 2 – Real annual investment growth

%
Real annual investment growth
2008 2009
observed Apr. 09 observed Jul. 09 forecast Apr. 09 forecast Jul. 09
Agricultutral and food industry 4 6 -14 -15
Manufacturing industry 0 1 -21 -23
Consumer goods industry 0 -1 -10 -10
Automotive industry -1 0 -24 -18
Equipment goods industry -2 3 0 -9
Intermediate goods industry 0 1 -30 -33
All industry 0 1 -18 -21
  • How to read this table : In food industry, firms surveyed in July 2009 reported nominal investment growth of 6% in 2008 comparing to 2007 and forecast a decrease of 15% in 2009 comparing to 2008.

Graph1_ang – Annual nominal change in investment in manufacturing industry