tagesschau.de

Germany Faces Unprecedented Order Shortage Since Financial Crisis

A recent survey by the ifo Institute reveals that German companies are experiencing their highest order shortage since the 2008 financial crisis, with 41.5% reporting a lack of contracts in October. Key industrial sectors, including machinery and electronics, are particularly affected. While there was a glimmer of hope with rising order volumes in September, experts suggest a challenging road ahead for recovery. Service industries also report increased order shortages, with a significant impact on transport and hospitality sectors. In contrast, legal and tax consulting firms are seeing increased demand due to regulatory complexities.

Source

LEAVE A RESPONSE