Carinthian industry expects no upswing yet

Carinthia’s industrial companies are not expecting a sustained recovery, according to a recent business survey reported by ORF. While companies describe their current order situation as stable, more say they plan to cut jobs than to hire.

Only 34 percent of surveyed companies expect business to develop well over the next six months, while one in five expects a poor performance. The order situation is forecast to weaken, with only a third expecting export orders to increase.

Just 3 percent of companies expect to take on staff, while 26 percent plan to cut jobs. There is also no clear improvement in profit expectations: 32 percent anticipate good earnings and 54 percent expect average results.

Industry president Timo Springer said companies in Carinthia had shown resilience, but added that a sustained recovery was not in sight.