Although mining
sector investment intentions improved a little in the latest Capex survey, they still imply further substantial falls in investment during 1999/2000.
Private -
sector investment intentions are only 1.3 % higher this year, a far cry from the growth of after - tax corporate profits.
Not exact matches
The September quarter Rabobank survey suggests that farm equipment
investment intentions, which are not covered in the Capex survey, remain at a high level, despite a slight decline in reported confidence in the farm
sector.
The Capex survey shows
investment intentions for 2004/05 that are consistent with reasonably solid growth in machinery and equipment
investment, especially in the mining and transport & storage
sectors.
Despite little growth in production, business
investment rose strongly in the March quarter and the Tankan survey measure of
investment intentions in the manufacturing
sector lifted in the June quarter.
Investment intentions in the mining, finance and property and business services
sectors are particularly strong.
To date,
investment has been concentrated in the manufacturing
sector, although in the September quarter Tankan survey, firms in non-manufacturing industries expressed positive
investment intentions for the first time in five years.
Although capacity constraints are an issue in some parts of the resources
sector, they are expected to ease in time, given the high level of
investment intentions in the mining
sector (see the chapter on «Domestic Economic Conditions»).
For machinery & equipment, the surveyed
investment intentions imply reasonably solid growth in 2005/06, largely reflecting a pick - up in spending in the transport & storage
sector.
This is partly offset by weaker business
investment intentions, particularly for non?resources
sectors.
At this meeting the chairman of the British Private Equity and Venture Capital Association looked closely at
investment in the legal
sector and Lyceum Capital has already made public its
intention to target the legal market.
The
intention is to create a European leader in the real - estate services
sector and EQT will invest in the company accordingly,» said Dr Andreas Aschenbrenner, Partner at EQT Partners, and
Investment Advisor to EQT VII.