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Investment outlays up by 2.6% y-o-y in Q1


2011-05-26



In the first quarter of 2011 large and medium-sized companies employing 50 or more people reported investment outlays of just over PLN 15.2bn (approx. €3.9bn), which in real terms translates into an increase of 2.6% compared with the same period a year earlier, according to the Central Statistical Office (GUS). By way of comparison, in 2010 investments slumped by 3.2%.

Expenditures on machinery, technical equipment and tools – the largest category representing almost 50% of the total – rose by 7.1% y-o-y in Q1. By contrast, outlays on buildings and structures (35% of all investments) were down by 9.4% y-o-y. Investments in transport equipment (over 13% of the total) jumped by 27.4% y-o-y.

Of the main sectors of the economy (for which GUS reports data in nominal terms), the biggest increases in investment expenditures occurred in transportation and storage (up by 49.5% y-o-y), construction (up by 39% y-o-y) and electricity, gas, steam and air conditioning supply (up by 36.4% y-o-y). In the manufacturing sector investments went up by 6.6% y-o-y. The largest drops occurred in water supply, sewerage, waste management and remediation activities (down by 52.1% y-o-y), followed by trade and repair of motor vehicles (down by 29.9% y-o-y). In real estate investment spending was down by 9.5% y-o-y, and in mining-quarrying by 5.5% y-o-y.

As for the country’s manufacturing sub-sectors, the highest increase occurred in the tobacco industry (up by 82% y-o-y), followed by other transport equipment (up by 60.3% y-o-y), and other non-metallic mineral products (up by 57.9% y-o-y). In four other sectors investments were up by over 40% y-o-y. On the other hand, in the manufacture of leather products investment outlays plummeted by 61.1% y-o-y, in coke and refined petroleum products they slumped by 59.6% y-o-y.



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