Economy. Capital investment by companies will grow 13.3% in 2021, the highest rate since 2007, according to S&P.

Madrid, 22 (European Press)

Capital investment (capex, for its English acronym) of companies worldwide will increase by 13.3%, to $3.7 trillion (€3.14 trillion), its highest growth rate since 2007, according to a report by Credit. Rating agency S&P Global.

The company’s forecast includes capital investment estimates for the world’s 2000 largest companies. On the aggregate level, the cash level of all these companies was in excess of $7.9 trillion (6.71 trillion euros) on their balance sheets.

By geographical regions, Standard & Poor’s estimates that capital investment by European companies will grow by 16.6%, while in North America it will advance by 14.6%, and in Latin America, it will rise to 27%. The increase in Japanese companies will be 8.8%, while the increase in the rest of Asia Pacific will be 8.9%.

By economic sectors, the highest growth will be among IT companies, with investments of 22.3%, followed by materials companies (17.8%) and electricity companies (16.2%). Investments from industrial companies and the health sector will increase by 13.6%, while telecom companies will invest 12.9% more and come in last place, retail companies with 11.6% and energy companies with 5.5%.