Dutch companies are likely to boost their investments in fixed assets like machinery and computers by 25% in 2018, considerably higher than the 16% growth rate forecast at the end of 2017, the national statistics office CBS said on Monday.

In the statistics office’s spring survey, industrialists said investment in 2017 was 19% higher than in 2016 when €8bn was spent by industry. Industrial investment was concentrated on buildings, machinery, transport vehicles and computers last year, the CBS said.

Investment in 2016 was 2% lower than in the previous year following two years of steady rises.