IT sector upbeat after CeBIT fair in Hanover
16 March 2005, HANOVER - The world's largest computer and office equipment fair CeBIT came to a close on Wednesday in Hanover with industry officials saying their sector is in an optimistic mood about business prospects after three lean years.
16 March 2005
HANOVER - The world's largest computer and office equipment fair CeBIT came to a close on Wednesday in Hanover with industry officials saying their sector is in an optimistic mood about business prospects after three lean years.
"The CeBIT branch has sent positive signals to the economy and is fuelling an upbeat mood," said Ernst Raue, head of the Hanover fair company Deutsche Messe.
He said that 480,000 visitors came to this year's seven-day event. While this was 9,000 fewer than last year, a new record level of more than 88 percent of the visitors were industry specialists coming to do business in Hanover.
Dieter Kempf, vice president of the German information technology association BITKOM, said a survey taken of participants showed that business deals at this year's CeBIT surpassed last year's level, boosting hopes for good post-fair business as well.
BITKOM expects Germany's information technology sector to show 3.4 percent growth this year to EUR 136 billion, with the sector expected to add 10,000 new jobs. In 2006, business is projected to rise another 3.1 percent to around EUR 140 billion.
According to trade fair officials, the number of foreign visitors this year increased six percentage points to 29 percent of the total, with a 42 percent surge in visitors, totalling some 35,500, from the Asia-Pacific region.
This year's fair featured some 6,300 exhibitors, including 1,677 companies from the Asia-Pacific region. Taiwan was the largest single participant, with 777 exhibitors.
Subject: German news