Trade
German Industry’s Appetite to Invest Abroad Is Still Weak
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German manufacturers’ appetite to invest abroad remains weak amid fears of a sluggish economy and geopolitical risks, according to the latest poll by the German Chamber of Commerce and Industry.
The survey by the so-called DIHK showed that 30% of companies intend to increase spending outside the country — slightly down from last year — while the proportion planning to lower such outlays also rose. Cost cutting was the key motivation for overseas investment, rather than expansion.