The investment business survey1 of NSI carried out among industrial enterprises2 in the second half of November this year, collected information about the expected volume of investments of those enterprises for the year 2006. The managers foresee a nominal increase of investments in 2006 by 11.0% in comparison with the previous 2005.
About 79% of expected expenditures of acquiring fixed tangible and intangible assets in 2006 are from private enterprises as managers prognosticate a 13.4% increase compared to the previous year, while the enterprises in the public sector foresee 3.2% more investments in comparison with those done a year ago.
According to the main types of investments, these for extension of production capacity are with the greatest share (33.7%) of the total value of expected investments in industry in 2006. On the second place with 28.0% are the investments for mechanization or automation and introducing new production techniques and these aiming replacements of worn-out equipment are with 27.9% share. The remaining 10.3% of expected investments in 2006 are aimed for pollution control, safety measures and others.
According to the product orientation of production (Aggregations for economic analysis and prognoses A20) the energy and water-related industries cover the greatest share of expected investments for 2006 (37.7%), followed by industries, producing intermediate goods (36.4%). On the third place according to the volume of investments are the industries producing food and beverages (11.2%).
In the investment inquiry of NSI the industrial enterprises give also investment prognoses for the next 2007 and the projected growth of investments in industry as compared to 2006 is 16.4%.
The enterprises from the public sector form 23.7% of the total volume of the investment prognoses in industry during 2007 and the expected increase in value as compared to 2006 is 28.3%. At the same time the entrepreneurs of private sector foresee a 13.2% rise of the expected volume of the investments.
Priorities in investment programs for the next 2007 are the investments for extension of production capacity and for mechanization or automation and introducing new production techniques respectively 36.2% and 26.8% share of the total volume of expected investments.
The assessments of factors, influencing the decisions for investments in 2007 are favourable as the opinions, that they have a stimulating effect and not restrictive on the investment activity, prevail. For example the "demand of production"3 has the most stimulating influence, the "financial resources and expected profits"4 take the second place by positive influence, and on the third place are the "technical factors"5. The "other factors"6 almost do not have an influence on investment decisions.
Source: NSI
