The majority of companies assess the current situation as “good to very good”. This applies above all to the sectors that are oriented towards the domestic market, according to Tuesday’s statement on the new economic board for Eastern Switzerland, the IHK St. Gallen/Appenzell, the IHK Thurgau, the St. Galler Kantonalbank and the canton of St. Gallen is issued.
Among other things, the retail trade has stabilized at a high level. But now the war in Ukraine and declining purchasing power are putting pressure on the mood. In the construction industry, almost 60 percent of the companies surveyed complained about a shortage of materials and preliminary products.
Delivery problems because of China
In contrast to the domestic economy, the mood in industry has “already clouded over noticeably”. Topics are the difficult procurement of semi-finished products and raw materials, as well as price increases. The delivery problems in eastern Switzerland are likely to continue well into the year, according to the statement. The reason given is the “current corona zero tolerance policy in China”.
The rising energy prices had an impact on the primary products in particular. Because of the war in Ukraine and the associated sanctions, no relaxation is to be expected there. The decisive factor is the degree of integration with the EU: the southern German industry, which is closely interlinked with eastern Switzerland, is therefore an important factor.
In addition to price increases and delivery difficulties, the lack of workers is also causing problems for the companies. According to the economic barometer, the proportion of companies complaining about a shortage of workers has never been so high. In contrast to the past, it is no longer just a matter of a shortage of skilled workers, but of an overall shortage of workers. (SDA)