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Positive business outlook in Hamburg Metropolitan Region

New Chamber of Commerce survey reflects mood across the region. Handicraft also satisfied

Firms in the Hamburg Metropolitan Region have said their business prospects are good, according to a recent survey by the Initiative pro Metropolregion Hamburg e.V. at the end of the first quarter of 2016. The business climate index came to 118.1 (Test-) Points (IV. Quarter 2015: 118.6 points) and changed only slightly over the previous quarter. A total of 1,436 companies in industry and trade as well as 863 crafts businesses from the chamber districts of the Hamburg Metropolitan Region took part in the survey.

This positive trend has been emerging over several, consecutive quarters. Companies in Mecklenburg Western-Pomerania achieved 125.3 points, the highest in the metropolitan region, and rated their business climate as particularly good.

Detailed results

Around 37 per cent of the surveyed firms rated their current business situation as “good” while 53 per cent said it was “satisfactory or typical for the season”. Prof. Hans-Jörg Schmidt-Trenz, IMH President and CEO of the Chamber of Commerce Hamburg, said: “To maintain that, conditions for commuters and the mobility of investment capital in the Hamburg Metropolitan Region must be improved. This would then make our region more attractive among professionals and raise physical capital thereby stabilising the economic situation.” Schmidt-Trenz said this matches figures showing that over three-thirds of surveyed firms expected “rather favourable” (27.8 per cent) or at least “consistent” (54.4 per cent) business in the next 12 months.

Additional investments

The basically, positive mood in the economy is reflected by the readiness of the interviewed companies to start hiring again and to invest more. Schmidt-Trenz said: “So far, investments in personnel planning have not had similar effects on companies”, adding, “Therefore, we call on politics to provide improved measures for gaining and keeping sufficient numbers of professionals in the metropolitan region in future.” Siegbert Eisenach, a member of IMH’s management board and CEO of the Chamber of Industry and Commerce (IHK) in Schwerin, said: “In Mecklenburg Western-Pomerania particularly, the firms surveyed expect additional investments in the coming 12 months.”

Craftspeople express optimism

Business is developing well for craftspeople in the Hamburg Metropolitan Region with the business climate index coming to 133 points. Around 41 per cent of craft firms rated their current business situation as “good” while 47 per cent said it was “satisfactory”. The main construction trade and finishing trade reached top figures of 141 and 140 points. The business climate index was highest in Mecklenburg Western-Pomerania while trade in Hamburg led the way in terms of orders, turnover and employees.

Overall, craftspeople in the metropolitan region were optimistic about the future. Henning Albers, CEO of the Hamburg Chamber of Crafts and a member of IMH’s Management Board, said: “It is encouraging to see that the driver of the economy in terms of crafts is still going full blast in the Hamburg Metropolitan Region. Businesses in the core city and the entire metropolitan region are profiting.”

Sources and further information:

About the "Initiative pro Metropolregion Hamburg e.V."

The Initiative pro Metropolregion Hamburg e.V./Initiative for the Hamburg Metropolitan Region Association is the voice of organised commerce in the region. Seven chambers of industry and commerce, three chambers of craft, the UVNord and the DGB Bezirk Nord founded the association on June 11, 2013. Several, well-known companies in the region are active in the initiative’s company advisory council. The association seeks to promote the economic, technological and social development of the metropolitan region as a joint economic habitat within the borders defined by the interstate agreement. More information can be found on:

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