BERLIN (dpa-AFX) – According to a survey, high energy prices are weighing more and more on German companies. On Tuesday, the German Chamber of Industry and Commerce (DIHK) spoke of a dramatic situation. According to a DIHK survey, 16% of Germany’s key automotive industry manufacturers have already reduced their production. 17 percent want to relocate their production.
This is the result of a special assessment of the automotive industry from a DIHK company survey, which was first reported by “Handelsblatt”. According to the DIHK, the auto industry is symptomatic of developments in the economy as a whole. The overall results of the economic survey will be presented on Wednesday.
In a letter from DIHK director general Martin Wansleben to the heads of the chambers of industry and commerce, it is stated: “Also, for us the lights are red because we can see how quickly the financial situation in companies is deteriorating.” In sight of the federal government, says: “The situation in our economy is dire: consistent crisis management and faster action are now imperative.”
After the special assessment, the expectations of companies in the automotive sector collapsed. Only ten percent expect better business in the next twelve months. Half have negative trade expectations. 95% of companies consider the high prices of raw materials and energy as the greatest business risk. Two out of five car manufacturers report a troubled financial situation and almost half of the suppliers. / Hoe / DP / stw
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AXC0106 2022-11-01 / 11: 22
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