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Belgian Manufacturers Plan to Boost 2012 Capital Spending by 17%

June 20 (Bloomberg) -- Belgian manufacturers plan to raise capital spending by 17 percent this year after an estimated 10 percent increase in 2011, according to the National Bank of Belgium’s semi-annual survey.

The projected 17 percent increase is smaller than the 25 percent expansion estimated for 2012 six months ago, when capital spending for 2011 was estimated to climb 7.5 percent, the Brussels-based central bank said today in an e-mailed statement. Capital spending by the manufacturing industry accounts for about 15 percent of total investment by Belgian companies, according to the National Bank.

To contact the reporter on this story: John Martens in Brussels at jmartens1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net

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