Press release -
Germany’s Event Industry Expects a Good Spring Season
The business climate for the German event industry has improved considerably. The industry index stood at minus 21.6 points in February; in January, it was minus 41.1 points. “The announcement that restrictions will be eased is bringing hope back to the industry,” says Klaus Wohlrabe, Head of Surveys at ifo. “The sales trend is slowly moving back into positive territory,” he adds.
The improvement in the business climate was a result of much more optimistic expectations. That indicator rose from minus 0.7 points in January to plus 42.2 points. By contrast, most assessments of the current situation are negative. The inflation dynamic is not confined to the event industry: nearly half of all companies plan to increase prices.
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