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Economy in Neuburg-Schrobenhausen: The worst situation for years!
Neuburg-Schrobenhausen is facing economic challenges: declining demand and rising energy costs are putting a strain on the region.
Economy in Neuburg-Schrobenhausen: The worst situation for years!
What is happening in the Neuburg-Schrobenhausen district? The first signs of economic upheaval can be felt everywhere. According to the results of the Augsburg General the regional economy is showing a clear decline in dynamism, which is causing increasing concern. IHK boss Manfred Gößl draws a sobering conclusion: “The business situation is historically bad.” The numbers speak for themselves: While the average business situation in Bavaria is 9 points, the region only scores 2 points - compared to the previous average of 17 points, this is a significant decline.
The reasons for this unpleasant development are diverse. Over 70 percent of local companies complain about weak demand, while high energy prices place additional strain on businesses. Every second company feels this pressure. Only 14 percent of those surveyed see a possible recovery in the coming months, while 26 percent expect a further decline. In particular, the decline in the automobile boom around Audi is cited as one of the main reasons why the regional economy is floundering.
Dark prospects and a lack of successors
The expectations for the near future are not exactly rosy. A balance of -13 is expected in the region and the willingness to invest has reached an all-time low. Across Bavaria this is +1 points, but in the region it is -14. This means that many companies are hesitant to invest money in new projects. Unemployment is expected to rise and the defense industry alone cannot provide compensation. Furthermore, 75 percent of those surveyed in the region consider labor costs to be burdensome - a situation that is perceived as critical by every second person in the entire Free State.
An additional factor is the salary rivalry with Audi. This contributes to the pressure to save on medium-sized businesses and makes it difficult for smaller companies to retain or attract talented specialists. The IHK is therefore calling for greater support for local companies from municipalities and economic development agencies. The need for cooperation, better service and less bureaucracy is also emphasized.
The challenge of aging
Another topic that should not go unmentioned is the aging of the corporate landscape. Almost 40 percent of German entrepreneurs are already over 60 years old. This means that the search for successors becomes a real challenge for many companies. The absence of these successors could not only hamper investment needs, but also exacerbate much-needed change in the region.
In order to show affected companies new paths, numerous services offer support. For example, this provides information IHK in a webinar on December 8th about tax changes and gives valuable tips. An event is scheduled for December 10th where hacker Marco Di Filippo will demonstrate cyber attacks and explain how companies can protect themselves from them. Such initiatives are a step in the right direction and can help companies in the region do good business again.