Predominantly positive expectations for relevant markets
Anticipated market development
German passenger transport (based on pkm)
The data for 2018, adjusted for price and calendar effects, is based on the information and estimates available as of July 2019. Expectations
for 2019 are rounded off to the nearest half percentage point.
The outlook for the German passenger transport market is nearly unchanged compared to March 2019. Rail passenger transport is growing above average; this is, among other things, thanks to the improvement in services offered in long-distance transport.
In the European passenger transport market, demand should, as a result of slightly falling fuel prices, also increase slightly. The positive framework conditions persist thanks to still growing employment numbers and available income, accompanied by uncertainties regarding Brexit. Across Europe, moderate growth in rail passenger transport is expected, albeit with regional differentiation.