5th ITMF Corona-Survey: 69% of participants have reduced their production capacity during the Corona-pandemic

23% of the respondents reduced production by more than -30% and another 19% by -20% to-30%. On the other side of the spectrum - and unsurprisingly - only 9% of companies have increased their production capacity during the pandemic. 21% did not make any change (Graph 1).

Furthermore, 21% of all surveyed companies are expecting turnover to be back to pre-crisis level in 2020. 11% of companies think it is more likely to happen in the 1st quarter of 2021, 15% in the 2nd quarter of 2021, and 17% in the third quarter of 2021. It is important to note that 25% of all companies are expecting turnover to reach pre-crisis levels in 2022 and 2023 (Graph 2).