Kunststoffinformation KI reports an outstanding first half of the German plastics industry. 61 % of companies reported a business development better than the six months before. Additionally, this development was not exepected by half of the respondents.
An outstanding first half of 2017 is reported by German information service Kunststoffinformation KI. According to the survey, the high expectations for this period were even exceeded. Exports, investment and employment all developed positively.
The information service KI has published this survey biannually since 2001. For the survey, executives of 445 companies have answered questions on business, investment and employment.
61% of the companies reported an improvement compared to the second half of 2016. Only 51% had expected this development at the beginning of 2017. Also, the share of companies that reported a declining business development was lower than expected at 9%.
The positive mood in the German plastics industry also shows in the investment numbers: 28& corrected their plans during the first half year. According to KI this is a unusually high number. Only 6% cut the planned expenditure, KI reports.
Moreover, for the last five years, employment has been consistently positive. During the last six months, 44% of the companies increased the number of employees, a number 11% higher compared to last year.
According to the survey, the positive development will continue for the next six months. One third of the companies are planning further recruitment. Only 7% plan to cut the number of employees. KI therefore expects the next year to break the records again.