Industrial companies in the eastern German state of Saxony invested a total of 4.2 billion euros last year. Compared to the previous year, the investment volume in 2022 thus increased by 22.5 percent in nominal terms, according to the State Statistical Office in Kamenz. For example, 766 million euros more was spent on property, plant, and equipment than in 2021. However, the noticeable price increase should also be taken into account.
According to the figures, companies invested a total of 3.7 billion euros in equipment, which is around 15 percent more in nominal terms than in the previous year. Investments in developed land and buildings amounted to 495 million euros (+41 percent). According to the report, 17 million euros were spent on the acquisition of land without buildings, a nominal 34 percent more than in the previous year.
According to the statistics office, the highest investment volume was recorded in the manufacture of data processing equipment, electronic, and optical products, with investments totaling 1.2 billion euros and a nominal investment increase of 14 percent. In second place was the manufacture of motor vehicles and vehicle components. A total of 854 million euros (+47 percent) was invested in this area.
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