Siemens 2010 Annual Report Download - page 143

113 Report on post-balance sheet date events
114 Report on expected developments and associated
material opportunities and risks
128 Information required pursuant to § () and
§ () HGB and explanatory report
133 Information required pursuant to § () and
§ () no.  HGB and explanatory report
135 Compensation and declaration pursuant to §a HGB
135 Additional information for supplemental
financial measures
138 Siemens AG (Discussion on basis of HGB)
147 Consolidated Financial Statements
261 Additional information

able to offset the previous year’s decline of around %. Invest-
ments are expected to decline further in the construction and
real estate industry. After a decline of around % in , IHS
Global Insight forecasts another % fall in investments for the
current year. This is driven by significant further reductions in
investment activity in the established markets, especially in
Europe, while sustained buoyant growth is expected in the
emerging economies.
Our Energy Sector is likewise benefiting in  from improved
conditions in a number of markets mentioned for the Industry
Sector above. These include the chemical industry, the post
and logistics sector, the wholesale and retail sector, transporta-
tion services, and the oil and gas industry. In addition, the
expected recovery in investment activities in the utilities sec-
tor is having a positive impact in . After a decline of some
% in , IHS Global Insight forecasts an increase of around
% for the current year, driven in particular by the encourag-
ing development of Asia’s emerging economies.
Gross capital expenditures within the international healthcare
markets, served by our Healthcare Sector, are expected to in-
crease by around % in , following a decline of around %
in the year before. Once again, this growth is driven by signifi-
cant increases in capital expenditures in emerging economies,
while investments in some of our most significant markets,
such as the U.S. or Germany, are showing only modest gains or
continue to contract.
The public sector, a major customer of Siemens IT Solutions
and Services, is expected to increase its gross capital invest-
ment by about % year-on-year. For financial services, another
key sector for Siemens IT Solutions and Services, gross capital
expenditure is forecasted to expand by around % in .