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Investment survey
Perspectives of a less intense reduction of business investment in 2013
09 July 2013

Summary
Accordingly with the opinions expressed in the April 2013 Investment Survey (with an inquiring period between the 1st April and the 28nd June 2013), the entrepreneurial investment is expected to decrease 2.1% in 2013 in nominal terms. The same survey points also to a change rate of -28.1% in 2012, which represents a downward revision comparing with the perspectives revealed in the previous survey (change rate of -26.4%).
Among the investment objectives, from 2012 to 2013, the results point to an increase in the relative weight of the replacement and the rationalization and restructuration investments. The share of the investments on the extension of the production capacity and on other objectives decreased between the two years.
Regarding the main limitative factor for business investment identified in the survey, the deterioration of the sales perspectives followed by the uncertainty about the investment profitability continued to be the most mentioned in both years, although decreasing between 2012 and 2013, while the percentage of firms that refer the interest rate level, insufficient use of the production capacity and other factors as the main limitative factors increased.
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