The Business Plans To Increase Investments In 2023 - BAG Index
In Q1 of 2023, 63% of surveyed businesses claimed they will increase their total investments in 2023, compared to 2022. At the same time, 28% of the surveyed companies expect no change in their total investments, while only 9% expect a decrease in total investments, - accoridng to the report published by BAG Index.
According to the report, amongst all four sectors, the construction sector conveyed the most optimistic expectations in direction of the investment for 2023. 75% of companies in the construction sector claimed that they will increase their total investment in 2023, compared to 2022. Similar expectations are reported in the trade and service sectors with 64% and 63% of companies planning to increase their total investments, meanwhile, for the manufacturing sector the same figure is equal to 45%.
In 2023, more positive expectations with regard to investments were recorded in software/databases, while less positive expectations were recorded with regard to investments in plants and equipment. 65% of the surveyed companies expect to increase their investments in software/databases in 2023, compared to 2022, while 58% of businesses have the same expectation for investments in plants. Moreover, 55% claim that their investments in equipment will increase in 2023, compared to 2022.
It must be noted that, among the covered sectors, the most positive expectations with regard to investments in software/databases and plants is conveyed in construction sector. In particular, 77% of the companies in construction sector plan to increase investment in software/databases, while 82% of the companies plan to increase their investments in plants. Regarding the investment in equipment, the most positive expectations are recorded in trade sector with 60% of surveyed companies planning to increase investments. The most negative expectations are recorded in the manufacturing sector, where 18% -18% of the surveyed companies plan to decrease investment in plants and in equipment in 2023.