Primetals Technologies is pleased with the largest order in the company’s history, Voestalpine lowers its profit forecast for the financial year 2024/25 – no matter how different the situation is for companies at the moment, the feelings about the future of local industrial companies are simply as mixed.
What’s next? Hardly a day goes by without some picture of the mood for the coming months. The prospects are often bleak. The Future Monitor, in which Paul Eiselsberg and IMAS International investigated Upper Austrian industrial companies, also revealed something similar.
“For many people, the lines of concern run deep,” Eiselsberg reports. “Overall, there is a certain amount of skepticism.” Excessive bureaucracy, high costs and staffing conditions, often summarized in the oft-cited shortage of skilled workers, are putting pressure on companies.
However, the IMAS study also produced results that at first glance seem unusual. Eiselsberg reports that there is a clear sense of confidence among the managers surveyed over the next two to nine years: “Optimism is coming back.”
“We don’t have to complain that we are sick”
Valborg Burgholzer-Kaiser, vice-chairman of the branch department of the Upper Austrian Chamber of Commerce, wants to roll up his sleeves in any case: “We don’t have to complain about being sick.”
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
