BERLIN (MNI) – The European Central Bank sees scope for stronger
investment growth in the Eurozone, it said in its latest monthly report,
released Thursday.
“Looking ahead, the low levels of the total investment-to-GDP ratio
in the euro area as well as in many euro area countries in 2010,
together with short-term indicators pointing to increasing capacity
utilisation, growing production of capital and construction goods, and
rising new orders for capital goods, suggest that there is scope for
stronger investment growth,” the central bank asserted in its report
Investment in construction may still be affected by ongoing
adjustment in some Eurozone countries, while non-residential investment
is expected to recover earlier and more strongly, the ECB said.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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