In June 2022, ICT companies rated their business situation as very good overall. The Bitkom-Ifo Digital Index, which reflects the business climate and is calculated from the current situation and future expectations, rose by 2.3 to 22.8 points – corresponding to the level before the Corona pandemic. At the same time, business expectations in the digital sector for the coming six months remain clouded: the corresponding value is only just in positive territory at 2.9 points. In January, shortly before the Russian invasion of Ukraine, the corresponding value was still 19.0 points.
Revenue growth expected in digital sector
The ICT sector is holding up robustly despite the tense global situation: For 2022, Bitkom expects IT, telecommunications and consumer electronics companies to achieve revenue growth of 4.3 percent to 189.4 billion euros. By the end of the year, 1.3 million people are expected to be employed in the digital sector, around 30,000 more than in the previous year.
“The current global situation is lurching from one crisis to the next, and the associated uncertainties are reinforcing each other. Corona lockdowns in China keep disrupting supply chains, the Russian war of aggression has sent energy prices skyrocketing and inflation is putting pressure on businesses and households alike,”
says Bitkom President Achim Berg.
“Despite growing uncertainties, the task remains to digitalize the economy and administration quickly and comprehensively. Many companies have recognized how critically important resilient IT is in these times. While it was the consumer sector in the early years of the pandemic, sector growth is now being driven by corporate investments.”
