Investment climate is currently subdued
The investment climate is currently subdued; following the
referendum, companies are waiting to see under what conditions
Brexit will take place.
The UK has significant automobile and en-
ergy industries. Suppliers to these sectors are likely to feel the
effects of restraint as producers of (industrial) combustion engines
and turbines (exports to the UK2015: EUR1. 4bn, corresponding to
15% of UK machinery exports) and pumps/compressors (EUR
0. 7bn, 8%) and drive technology (EUR 0. 6bn, 6%) .
high levels of investment in its infrastructure. Irrespective of how
the negotiations proceed, this may create potential for producers of
construction machinery (EUR 0. 4bn, 5%) and suppliers to the en-