THE RAILWAY INDUSTRY IS CHARACTERISED BY A HIGH DEGREE OF UNCERTAINTY

SCI RAILINDEX IV/2023

Hamburg. The SCI RAIL BUSINESS INDEX is showing volatility, thus reflecting the ambiguity of the sector. Optimists and pessimists are dominating respectively at the regular survey of top managers from the global railway industry by consultancy SCI Verkehr. In contrast, the railway industry is agreeing on the evaluation of the declining demand: products and services are being continuously less requested at the companies – a negative trend can be clearly detected since the start of the year. With that in mind, the surveyed are formulating their strategic goals for 2024: digitalisation being named as the leading strategic goal again and the corresponding increase by 17 percentage points compared to the previous year is indicating the urgency. It underlines the persistent restructuring process of the industry as well as its massive backlog.

The SCI GLOBAL RAIL INDEX is based on approximately 100 reports from representative companies in the global rail industry. The companies are regularly asked to assess their current business situation and their expectations for the coming three months. They can indicate their situation as "good", "satisfactory" or "poor" and their business expectations for the coming six months as "more favourable", "stable" or "less favourable". The balance value of the current business situation is the difference between the percentages of the answers "good" and "bad", the balance value of the expectations is the difference between the percentages of the answers "more favourable" and "less favourable". The business climate is a transformed mean value from the balances of the business situation and the expectations.

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