Packaging industry expects rising sales
According to the IK's economic survey, there is reason for hope after a difficult year in 2022.
Over the course of last year, sales expectations in the industry had fallen to an all-time low, according to the IK. Commenting on the current results of the survey of companies, IK CEO Dr. Martin Engelmann says: "The downward trend seems to have stopped, and both the general economic situation and sales expectations are no longer viewed quite as gloomily as they were in the fall." As before, the drastic rise in electricity and gas prices in Germany is said to weigh on the outlook for the first quarter of 2023, but the number of those IK members who expect a decline in sales in the first months of 2023 had fallen significantly and now stood at 56 percent, compared with 70 percent in the previous quarter. Although earnings expectations were also predominantly negative, they were slightly better than in the previous quarter. Sixty-five percent expected a decline. In the previous quarter, the figure was 78 percent. According to the IK business survey, the outlook for general economic development was significantly more positive than in the previous quarter: 2 out of 3 companies assessed the current situation as satisfactory, whereas only one in two companies had been of this opinion in the previous quarter. Expectations with regard to employment figures have also brightened, according to the IK. For the first quarter of 2023, 30 percent of companies no longer expected a decline, as in the previous quarter, but only 23 percent, 70 percent expected unchanged figures - and 7 percent assumed an increase.
- Kunststoff Information (Feb. 8, 2023)
- Photo: © IK