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One in Three German Firms Still Reporting Too Few Orders, Says Ifo
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6 Articles
One in three German firms still reporting too few orders, says ifo
More than a third of companies in Germany say they are struggling with a lack of orders, according to new data published by the ifo Institute. The July survey shows that 36.7 percent of businesses across the country are facing insufficient demand, a figure only slightly lower than in April and still far above historical norms. “Despite slight progress, the bottom has not been reached,” said Klaus Wohlrabe, Head of Surveys at the ifo Institute. “…
According to the research institute, the lack of orders remains a central obstacle to the recovery of the German economy. Some sectors are particularly affected.
There Is Still No Turnaround in the German Economy – a Severe Lack of Orders Is Paralyzing Companies
More than a third of German companies are struggling with insufficient order books, according to a recent survey by the Ifo economic research institute. The recovery from the crisis is taking a long time, with industry and trade suffering in particular, while the service sector is also only seeing moderate improvement.
The automotive industry in particular faces significant problems
More than a third of companies in Germany are complaining about a lack of orders. After reaching 37.3 percent in April, this share remained almost unchanged at 36.7 percent in July, the Ifo economic institute reported on Friday, DPA reports. The figure is still well above the long-term average. “Despite some progress, the bottom has not yet been reached,” said Ifo researcher Klaus Wohlrabe. “The persistent lack of orders remains the main obstacl…
36.7 percent of companies report a lack of orders. This share remained virtually unchanged in the July Ifo survey, down from 37.3 percent in April, and still significantly above the long-term average. "Despite slight progress, we haven't bottomed out," said Klaus Wohlrabe, head of Ifo surveys. "The persistent lack of orders remains a key obstacle to a substantial economic recovery." In manufacturing, the share of companies with a lack of orders …
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