As of: February 22, 2024, 10:00 a.m
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The economy in the Oberland is not really getting off the ground (symbolic image).
© dpa
Oberland's economy is not getting going.
The IHK economic index is constantly at 103 points, the long-term average is 119.
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– The economy in the Oberland is not picking up speed in the new year either.
The regional IHK economic index is stagnating at 103 points and is still well below the long-term average of 119 points, reports the Chamber of Industry and Commerce (IHK) for Munich and Upper Bavaria.
For her economic report, she surveyed numerous companies in the districts of Miesbach, Bad Tölz-Wolfratshausen, Garmisch-Partenkirchen and Weilheim-Schongau in mid-January.
The reluctance of private households to consume and persistent structural disadvantages in the location such as uncompetitive energy prices, a lack of skilled workers and excessive bureaucracy are causing acute dissatisfaction and skepticism among companies about the coming months.
According to a press release from the IHK, companies assess their current business situation even worse compared to the last survey in autumn: Overall, 44 percent of companies describe their situation as good, 18 percent are dissatisfied.
In the fall the ratio was 41 percent to 12 percent.
Price and demand problem
Companies continue to report a variety of burdens that are hampering business - although the drama is easing.
59 percent complain about sharp price increases for energy and 58 percent about strong price increases for raw materials and goods.
In the fall this was 69 and 66 percent respectively.
The problem of the general lack of demand continues to worsen and now affects 55 percent of all companies in the Oberland.
Almost half of the companies continue to see the lack of staff as a problem.
When it comes to business expectations, companies continue to be pessimistic: only 15 percent of companies expect their business to improve, while 31 percent expect it to get worse.
In keeping with the pessimistic expectations for the coming months, all risk factors are mentioned at least as often or even more often than in the fall.
The risk front is getting bigger.
The economic policy framework not only remains the most frequently mentioned risk, but is also increasing the most of all risks - namely from 63 percent to 70 percent.
Energy and raw material prices (61 percent) and the labor shortage (61 percent) remain at high levels.
The investment plans were able to defy the Bavarian-wide downward trend in the fall, but are now being adjusted.
Only 18 percent want to expand their investments, 20 percent plan to reduce them.
19 percent do not intend to invest at all.
Companies remain cautious with their employment plans: the number of companies that want to hire staff remains constant at 15 percent, while 23 percent want to cut jobs.
“Difficult times” lie ahead
“The economy in the Oberland continues to face difficult times.
Unfortunately, the mood has not improved at the beginning of the new year,” says Klaus Bauer, spokesman for the IHK Forum Oberland Region.
“This is not good news and must be a clear signal to everyone that more support is needed for companies.” According to Bauer, the desire for entrepreneurship is still there, but in order for innovations and new business models to fully develop, companies need better ones economic policy framework.
The spokesman for the IHK forum is particularly critical of the fact that at the beginning of the year more companies than in the fall see the economic policy framework as a risk for their business.
“We need a change here – back to the principles of a sustainable, social market economy,” he demands.
What is now needed is less bureaucracy and requirements, instead competitive corporate taxes and more speed in the energy transition.
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