This is an area in where you are better informed than me. At the firm level, investment decisions may be driven by a comparison of the internal rate of return (IRR) with the hurdle rate.7 As long as interest rate is lower than IRR, additional investment may continue.
In particular, survey indicators up to September point to ongoing growth in industrial production and the services sector. Moreover, the gradual recovery in consumer confidence is proceeding, and there are some tentative signs of an improvement in the prospects for employment, although available indicators for household spending do not yet point to an immediate strengthening of consumption growth.