The volume of private sector investments in tangible fixed assets was 8.6 percent down in July 2013 from July 2012. The decline was less substantial than in June, when private sector investments were 14.2 percent down from one year previously. July 2013 had one working day more than July 2012, whereas June 2013 had one working day less than June 2012. Figures on private sector investments have not been adjusted for the effect of the number of working days.
The decline was less substantial because the decline in investments in construction projects and in transport vehicles was less substantial than in June. Investments in transport equipment are seriously affected by a change in tax laws in 2012. Last year, many companies anticipated the more rigid legislation with respect to CO2 emission limits, effective from 1 July 2012. The new legislation affects the tax on passenger cars and motorcycles (BPM) and the additional tax liability for company cars. As many companies decided to purchase a car prior to this date, car sales were relatively high in June 2012 and relatively low in July 2012.
By means of six indicators, the Investment Radar shows whether circumstances for Dutch private sector investments have improved or deteriorated. According to September’s Investment Radar, the investment climate remained stable relative to the preceding month.
Private sector investments in tangible fixed assets (volume)
More figures can be found on the theme page Enterprises.
For more information on economic indicators, see the Economic Monitor.