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Financial Mirror (Cyprus) - - FRONT PAGE -

Ger­man man­u­fac­tur­ers plan to invest an ad­di­tional 5% in 2015, ac­cord­ing to a pre­lim­i­nary eval­u­a­tion of the on-go­ing Ifo In­vest­ment Survey car­ried out for the Euro­pean Union.

Small and medium-sized com­pa­nies (SMEs) in par­tic­u­lar in­tend to in­crease their ex­pen­di­ture on new con­struc­tion and equip­ment in the year ahead, while large com­pa­nies are plan­ning smaller in­creases. Re­sponses have al­ready been col­lected from around two thirds of the 2,300 firms par­tic­i­pat­ing in the survey.

Man­u­fac­tur­ers nom­i­nally in­creased their in­vest­ments by around 4% over the course of this year. Company re­ports in spring, by con­trast, in­di­cated that a 9% in­crease was to be ex­pected. The price-ad­justed rates of change are just be­low this fig­ure due to only slight in­creases in the price of fixed in­vest­ment at the mo­ment. Com­pa­nies of all sizes sig­nif­i­cantly scaled back their in­vest­ment plans over the course of this year.

In the frame­work of the cur­rent Ifo In­vest­ment Survey, Ger­many’s man­u­fac­tur­ers are asked about their ad­di­tions to fixed as­sets in 2014, as well as their in­vest­ment plans for 2015. The fi­nal re­sults of the survey are sched­uled to be re­leased at the be­gin­ning of 2015 in the ifo Sch­nell­dienst.

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