German Businesses Struggle to Gain Momentum, Survey Shows
- Weak outlook reflected in reluctance to expand investments
- Business situation in manufacturing sector particularly poor
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The German economy is failing to break out of stagnation as the current business climate is poor, with the manufacturing sector particularly weak, according to a survey of 24,000 companies by industry lobby DIHK.
“The hope of recent months that good international business or a pickup in domestic demand could act as a motor for domestic companies has not been confirmed,” DIHK Managing Director Martin Wansleben said on Thursday in a statement.