FERI (Schweiz) stands for comprehensive, individual, transparent and sustainable advice and support. We draw on over 30 years of experience. In collaboration with the other entities of the FERI Group, we offer private investors a wide range of asset management services.

FERI (Schweiz) has a unique expertise in asset management and advisory services for discerning clients. The sustainable quality concept is based on the quality investing approach, in which financially sound companies are identified through targeted selection on the basis of various quality characteristics.

Artificial intelligence (AI), the Internet of Things (IoT) and 5G – exponential technologies will trigger a wave of transformation in society and the environment in the coming decades. FERI (Schweiz) offers the opportunity to actively participate in these developments and to invest in an innovative concept.

FERI (Schweiz)’s employees specialise in providing individual, comprehensive and long-term advice to discerning families. We provide solutions for the preservation and growth of family wealth – for this generation and the next. We offer strategic aset planning, advice on implementation, profitability monitoring, risk management, asset protection strategies and sustainability consulting. 

FERI (Schweiz) offers clients a range of advisory services and individual investment solutions to give them clarity as to how compatible their investments are with the United Nations sustainable development goals and increase their understanding of this at the different levels of the investment process.

FERI (Schweiz) has a unique expertise in asset management and advisory services for discerning clients. The sustainable quality concept is based on the quality investing approach, in which financially sound companies are identified through targeted selection on the basis of various quality characteristics.

Artificial intelligence (AI), the Internet of Things (IoT) and 5G – exponential technologies will trigger a wave of transformation in society and the environment in the coming decades. FERI (Schweiz) offers the opportunity to actively participate in these developments and to invest in an innovative concept.

FERI (Schweiz) offers its clients customised solutions and individual investment strategies. Our particular strength lies in mandates with special risk-return targets, which we define individually with our clients

FERI (Schweiz) offers clients a range of advisory services and individual investment solutions to give them clarity as to how compatible their investments are with the United Nations Sustainable Development Goals (SDG) and increase their understanding of this at the different levels of the investment process.

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Germany 2022: Pre-crisis levels will not be reached again everywhere

Bad Homburg, 12/27/2021
by Axel D. Angermann, FERI
  • Industry with significant catch-up potential in the second half of the year
  • Construction sector benefits from new government
  • Retail: noticeable increase in sales benefits online retailing in particular
  • Hospitality industry and tour operators still well below pre-crisis level

While overall economic value added in 2022 is expected to exceed pre-Corona levels, sales in key sectors such as automotive, hospitality and tour operators still lag far behind 2019 levels. "Even if the fourth wave of the pandemic was the last to bring significant restrictions to parts of the economy, many industries will still be struggling with the aftermath for a long time. Companies from the information and communication sector, on the other hand, can already be clearly classified as winners of the pandemic", Axel Angermann, chief economist of FERI, summarizes the result of the economic forecast for the new year from an industry perspective. The findings for the industrial sector are divided: In the first half of the year, production development will continue to be slowed down by persistent supply bottlenecks. From the second half of the year, however, FERI expects supply disruptions to become much less relevant. Robust demand and already high order backlogs could then trigger a dynamic increase in production. By the end of 2022, production will have returned to pre-crisis levels, although on an annual average it will still remain well below the level of 2019. The automotive industry, which is suffering from the shortage of semiconductors and was the only one among the major industrial sectors to record another sharp drop in output in 2021, will be particularly hard hit.

Divided outlook in the construction industry

The German construction industry could be one of the winners of the change in government: The target of building up to 400,000 new housing units per year will not be achieved overnight anyway and could also be challenged by tight capacity in the sector. Nevertheless, the expected measures, which are now being coordinated in a separate ministry, should provide a noticeably positive impetus. However, the prospects for commercial construction remain subdued. Above all, the trend towards more home offices in many sectors is limiting demand for office properties. Overall, however, the construction industry can expect a noticeable increase in real sales in the coming year.

Digital economy as winner of the crisis

Among the winners of the pandemic are the IT sector and related industries: Turnover from information technology services is likely to be around 15% higher next year than before the pandemic, as is that from data processing and web portals. The outlook for the retail sector is also positive, with price-adjusted sales expected to increase by 3% in 2022. This will be driven by substantial surplus savings that were forcibly built up during the pandemic and an overall positive labor market trend. However, only a portion of the sales increase will benefit brick-and-mortar retailers. The real winner of the pandemic remains online retail.

Travel industry and hospitality lag behind

The huge increase in sales of more than 50% for travel agencies and tour operators and of more than 40% for the hospitality industry should not hide the fact that these increases are being achieved from a very low level. In both sectors, turnover in the coming year will be significantly below pre-crisis levels. The travel industry in particular is likely to remain burdened by uncertainties potentially emanating from new virus mutations. It therefore seems highly unlikely that tourism, especially to destinations outside Europe, will return to normal next year. The volume of business travel is likely to be significantly lower in the long term than before the pandemic anyway, thanks to experience with digital communication formats.

 


About Axel D. Angermann

As Chief Economist of the FERI Group, Axel D. Angermann analyses the economic and structural developments of all markets that are important for asset allocation. This data forms the basis for the strategic orientation of FERI's asset investments.

Angermann has been responsible for the analyses and forecasts prepared by FERI for the overall economy and individual sectors since 2008. He joined the company in 2002 as an industry analyst. His professional career began at the Max Planck Institute for Economics and the German Chemical Industry Association. Angermann studied economics in Berlin and Bayreuth.


About FERI

Founded in 1987 and headquartered in Bad Homburg, Germany, the FERI Group has developed into one of the leading investment houses in the German-speaking area. FERI offers tailor-made solutions for institutional investors, family assets and trusts in the following areas:  

The FERI Cognitive Finance Institute was formed in 2016. It is the strategic research centre and creative think tank of the FERI Group. The Institute focuses on innovative analyses and the development of methods for long-term oriented economic and capital market research. 

FERI and MLP currently manage assets of about EUR 53 billion in the Group, including EUR 13 billion in alternative investments. The FERI Group is headquartered in Bad Homburg and has locations in Dusseldorf, Hamburg, Luxembourg, Munich, Vienna and Zurich.



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D-61348 Bad Homburg

Axel D. Angermann
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presse@feri.de

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Katja Liese
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Head of Press & Communications

T +49 (0) 6172 916-3192
F +49 (0) 6172 916-1192
presse@feri.de

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Rathausplatz 8-10
D-61348 Bad Homburg

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