IVAM Survey 2019 – Brexit Special

Brexit uncertainty dampens mood of European microtechnology industry

The microtechnology industry in Europe expects virtually no positive impulses from Brexit, neither for the industry nor for individual businesses. Industry representatives assume mostly negative economic effects. The results of a survey conducted by IVAM shortly before the exit date more than anything else reflect the uncertainty about the future economic relations between Great Britain and the European Union after Brexit.

Outlook has worsened since “leave” vote

In the course of its economic data survey, IVAM has asked the industry about the expected impact of Brexit, as it did once before in 2016, before the vote that turned Brexit from a possibility into a fact. In 2019, shortly before the originally agreed upon exit date, the industry is much more pessimistic. Expectations, especially for the British industry, have invariably worsened since 2016, although – or probably because – the conditions for Britain’s withdrawal are still not negotiated.



Uncertainty slows down British industry: investment put on hold

The uncertainty is above all bothering the British industry. As long as the framework conditions for foreign trade relations remain unestablished, decisions and investments are postponed. Even if an agreement between the UK and the EU were soon reached, certain damage to business would not be averted, a survey participant from the UK comments.

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