Lack of orders in Germany: The economy is fighting for survival!

Lack of orders in Germany: The economy is fighting for survival!

The German economy is on the brink! An alarming lack of orders that has hit the entire industry is causing great concern. According to a recent survey by the Munich Ifo Institute, 41.5 percent of companies complained about a lack of orders in October - an increase from 39.4 percent in July. These frightening figures show that hardly any industry has been spared from the crisis Deutschlandfunk reported. Industry is particularly affected, where almost every second company reports a dramatic decline in new business.

The situation is alarming: concerns about new business are particularly pronounced in the mechanical engineering and electrical industries. Klaus Wohlrabe, head of surveys at the Ifo Institute, warns: “The lack of orders continues to hamper economic development in Germany.” The numbers are clear and leave no room for optimism. The catering industry is also suffering: over a third of businesses report too few guests, which puts additional pressure on the industry.

Industries in focus

The service industry is also affected. The proportion of companies complaining about a lack of orders rose slightly from 31.2 to 32.1 percent. The transport sector in particular is suffering from the poor industrial economy. Around two thirds of recruitment agencies report a dramatic decline in orders. “Temporary workers are less in demand in the current situation,” says Wohlrabe. The events industry is also severely affected: 48.5 percent of companies report too few orders, an increase from 38.5 percent in July. The big events in the summer, such as concerts by pop stars, have apparently drained the purchasing power for smaller events.

A ray of hope? Legal and tax advisors as well as auditors seem to be less concerned. The high level of bureaucracy and regulation ensures continued high demand for their services World reported. But the question remains: How long can this positive development last if other sectors continue to suffer?

The future of the German economy

The forecasts are bleak. The lack of orders could worsen further if countermeasures are not taken quickly. The order backlog that rose again in September could be a sign of hope, but Klaus Wohlrabe warns: “There is still a long way to go before the books are full again.” The German economy is facing a crucial phase in which quick action is required to avert the crisis and stimulate the economy again.

In summary, the situation is serious. The lack of orders affects almost all industries and could have long-term effects on Germany's economic stability. Companies must work together now to find solutions and overcome the challenges that the future brings.