Economic Indicators8 hours ago (Jun 05, 2020 01:50AM ET)
(C) Reuters. Outbreak of the coronavirus disease (COVID-19) in Frankfurt
BERLIN (Reuters) – Half of companies in Germany postponed investments in May while 28% cancelled investment projects completely as the coronavirus pandemic takes its toll, a survey by economic institute Ifo showed on Friday.
That compared with 46% and 22% respectively in April. Manufacturing companies were particularly affected, with 64% postponing projects in May.
“These are worrying figures for the long-term development of the economy,” said Klaus Wohlrabe, Ifo’s head of surveys.
Half of German companies postponed investments in May: Ifo survey
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