In November, 71 percent of all businesses expected to survive for at least one year under current economic conditions; 4 percent are expected to survive six months to one year and 3 percent are expected to survive three months to six months. 1 percent of companies are expected to survive for up to three months. 21 percent of the entrepreneurs could not give an estimate of the continuity of their business. These percentages are largely the same as in May 2022.
Confidence in survival lowest in the hotel industry
In November, 52 percent of companies in the hotel industry expected to exist for at least another year. In May, it was still 59 percent. Hospitality firms’ confidence that they will survive at least a year is the lowest of any industry, with the sharpest drop since May. Entrepreneurs within culture, sport and leisure, car and retail trade as well as rental and other business services also had clearly less confidence in November than in May. In information and communication, confidence in survival was higher than in May.
| Total (industry, the automotive industry and retail trade, services) |
Nov | 1.1 | 2.8 | 4.1 | 71.1 | 20.8 |
|---|---|---|---|---|---|---|
| Total (industry, the automotive industry and retail trade, services) |
Able to | 0.7 | 2.6 | 3.9 | 74.0 | 18.8 |
| Industry | Nov | 0.8 | 3.3 | 3.9 | 70.1 | 21.9 |
| Industry | Able to | 0.8 | 3.3 | 3.8 | 72.2 | 19.9 |
| Cars and retail | Nov | 0.8 | 2.3 | 2.9 | 72.7 | 21.3 |
| Cars and retail | Able to | 0.7 | 1.4 | 2.3 | 79.0 | 16.7 |
| Transport and storage | Nov | 1.2 | 1.1 | 3.6 | 72.3 | 21.7 |
| Transport and storage | Able to | 0.1 | 4.0 | 2.2 | 72.8 | 20.9 |
| the restaurant industry | Nov | 3.4 | 2.5 | 7.4 | 52.1 | 34.7 |
| the restaurant industry | Able to | 1.3 | 4.6 | 5.9 | 59.0 | 29.2 |
| Information and communication | Nov | 0.7 | 3.2 | 2.0 | 77.9 | 16.1 |
| Information and communication | Able to | 0.8 | 1.7 | 4.4 | 72.9 | 20.2 |
| Property letting and trading | Nov | 0.0 | 1.9 | 1.5 | 89.3 | 7.3 |
| Property letting and trading | Able to | 0.0 | 0.7 | 2.0 | 88.0 | 9.3 |
| Specialized business service | Nov | 0.9 | 4.4 | 6.1 | 74.3 | 14.3 |
| Specialized business service | Able to | 0.5 | 2.4 | 6.4 | 76.4 | 14.3 |
| Rental and other business services | Nov | 1.1 | 3.1 | 5.1 | 70.7 | 20.1 |
| Rental and other business services | Able to | 1.6 | 1.6 | 3.8 | 77.1 | 15.9 |
| Culture, sport and recreation | Nov | 0.6 | 1.7 | 2.1 | 72.5 | 23.1 |
| Culture, sport and recreation | Able to | 0.3 | 2.6 | 4.6 | 79.6 | 12.9 |
| Other services | Nov | 1.3 | 4.3 | 4.4 | 65.9 | 24.0 |
| Other services | Able to | 0.0 | 2.7 | 6.5 | 66.7 | 24.2 |
For 1 in 5 companies, price increases are essential for survival
The price increases for energy and raw materials affect companies’ assessment of the company’s continuity. For 22 percent of the companies these price increases play a decisive role, for 63 percent they play a role but do not determine the expectation of continued existence and for 15 percent they were not or hardly a decisive factor. For companies that estimate that they can hold out for at least one more year, the price increases are less decisive than for companies that expect to be able to hold out for less than a year or cannot say.
Price increase is decisive for the assessment of more than 1 in 3 in the hotel industry
In the restaurant industry, more than a third of the entrepreneurs indicate that price increases play a decisive role in their assessment of the company’s continuity. This is also relatively high in industry, automotive and retail, with over a quarter. The price increases play no or no decisive role for the vast majority of the information and communication, rental and trade of real estate and specialized business services industries.
| Total (industry, the automotive industry and retail trade, services) |
14.9 | 63.2 | 21.9 |
|---|---|---|---|
| Industry | 8.5 | 63 | 28.4 |
| Cars and retail | 7.8 | 65.8 | 26.4 |
| Transport and storage | 12.7 | 67.1 | 20.2 |
| the restaurant industry | 6.3 | 59.6 | 34.1 |
| Information and communication | 26.3 | 62.5 | 11.2 |
| Property letting and trading | 16.9 | 70.1 | 13 |
| Specialized business service | 26.6 | 63.1 | 10.2 |
| Rental and other business services | 25.9 | 55.9 | 18.2 |
| Culture, sport and recreation | 6.6 | 71.5 | 21.9 |
| Other services | 23.2 | 52.5 | 24.3 |