Western German Manufacturing: 4% Increase in Investment Planned for 2013

According to the latest results of the Ifo Investment Survey, Western German manufacturers plan to spend around 4% more on buildings and equipment than last year. For the year 2012 survey participants reported an increase of a good 6%. The primary investment goal of Western German manufacturers is replacement purchasing. Almost a third of investment expenditure is earmarked for this purpose. However, this is closely followed by investment in expansion, which was cited by 28%. Only 13% of investments are to be made in rationalization measures.