Portugal's business investment expected to increase by 3.7 pct in 2019: stats

Source: Xinhua| 2019-07-10 02:45:47|Editor: Yurou
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LISBON, July 9 (Xinhua) -- Business investment in Portugal is expected to increase by 3.7 percent in nominal terms in 2019, after a nominal growth of 4.7 percent last year, the National Statistical Institute of Portugal (INE) announced here on Tuesday.

Based on an investment survey conducted between April 1 and June 25, the INE report said that the increase in corporate investment in 2019 was revised downwards from the 4.4 percent increase estimated in the survey of last October.

The report also said that among the investment objectives, between 2018 and 2019, the relative weights of streamline production investment and extension of production capacity investment are expected to increase, adding that the replacement investment will continue to stand as the most mentioned investment objective.

The main limitative factors for business investment identified by the companies surveyed are the deterioration of sales perspectives, followed by the uncertainty about investment profitability, said the report.

Self-funding continues to be the main source of funding for the surveyed firms, weighting 65.7 percent and 65 percent of the total in 2018 and 2019, respectively, the report said. Enditem