By the way, the investments that increased in 2016 were mainly in residential construction and in the electronic components industry, but not in the other industries, such that the increase in investments made a relatively small contribution to a broad increase in production capacity. A factor that is complementary to private sector investment is government investment in infrastructure.
Despite some increase in the past two years, the level of this 3/4  BIS central bankers' speeches  investment remains lower than it was at the beginning of the decade. As a result, the stock of capital in the economy is lower than the average in the other advanced economies.