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Ownership: Dihk: High energy and commodity prices Brake upswing

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High energy and commodity prices as well as a lack of skilled workers brake from the point of view of the German Industry and Commerce Chamber (DIHK) the economic upswing.

Hohe Energie- und Rohstoffpreise sowie ein Mangel an Fachkräften bremsen aus Sicht des Deutschen Industrie- und Handelskammertags den wirtschaftlichen Aufschwung. © Carsten KOALL / DPA High energy and commodity prices as well as a lack of skilled workers brake the economic upswing from the point of view of the German Chamber of Commerce and Commerce.

The proportion of companies specifying energy and commodity prices as a risk, lying in industry, commercially and under construction on an all-time high, resulted in a DIHK stimulus survey presented on Thursday in Berlin among around 28,000 companies. At the shortage of skilled workers, the proportion in all sectors is just below the all-time high.

The companies estimated their current business situation significantly better than in early summer, Dihk-General Managing Director Martin Wansleben. However, expectations of the coming twelve months are lower than would be necessary for a sustainable catchproofing process.

As previously leading economic research institutes as well as the Federal Government, DIHK also lowered its growth expectations to 2.3 percent instead of 3.0 percent. According to the Coronabended Burglary 2020, the government expects growth in gross domestic product for this year by 2.6 percent.

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