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Investment outlays up by 9% y-o-y in H1


2011-08-26



In the first half of 2011 large and medium-sized companies employing 50 or more people reported investment outlays of just under PLN 37.5bn (approx. €9.5bn), which in real terms translates into an increase of 9% compared with the same period a year earlier, according to the Central Statistical Office (GUS). By way of comparison, in Q1 investments grew by 2.6% y-o-y.

Expenditures on machinery, technical equipment and tools – the largest category representing more than 48% of the total – rose by 10.7% y-o-y in H1. Outlays on buildings and structures (nearly 38% of all investments) were up by 4.7% y-o-y. Simultaneously, investments in transport equipment (almost 13% of the total) jumped by 16.4% 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 construction (up by 46.7% y-o-y), transportation and storage (up by 34.8% y-o-y), and electricity, gas, steam and air conditioning supply (up by 27.8% y-o-y). Outlays in manufacturing were up by 7.5% y-o-y, and by 6.7% y-o-y in the mining-quarrying sector. The largest drops in investment spending occurred in water supply, sewerage, waste management and remediation activities (down by 40% y-o-y), followed by real estate (down by 11.4% y-o-y) and trade and repair of motor vehicles (down by 9.7% y-o-y).

In the country’s manufacturing sub-sectors, the highest increase occurred in the tobacco industry (up by 65.8% y-o-y), followed by beverages (up by 57.3% y-o-y), other non-metallic mineral products (up by 51.6% y-o-y), and motor vehicles, trailers and semi-trailers (up by 40.9% y-o-y). In three other sub-sectors investments were up by over 20% y-o-y. On the other hand, in the manufacture of coke and refined petroleum products investment outlays plummeted by 51.5% y-o-y, and in leather products they fell by 22.3% y-o-y.



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