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Relatively Stable Propensity to Invest
Business Test Results
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adjusted analysis annual average balance budget building industry Bundesbank burden Business Cycle business situation capital expenditure cars change over previous companies competitive consumer continue current account deficit cyclical decline deterioration Deutsche Bundesbank developing countries economic policy electrical capital energy engineering enterprises entrepreneurial European exchange rate expansion expected exports favourable Federal Republic financing fiscal policy fixed capital formation forecast fur Wirtschaftsforschung gross fixed capital Gross national product IFO Business IFO Institute IFO Investment Test imports improvement income inflation interest rates investment activity Japan Japanese labour major manufacturing industry medium-term ment money supply months newly industrializing countries oil price OPEC plant and equipment price increases Private consumption probably profits ratio raw materials real terms reduction Republic of Germany result retailing revenue rise sector structural survey Table terms of trade tion trend underground economy unemployment unfavourable wages and salaries