A shortage of skilled workers and bureaucracy are putting a strain on NRW craft businesses - a financial expert analyzes the situation.

A shortage of skilled workers and bureaucracy are putting a strain on NRW craft businesses - a financial expert analyzes the situation.

According to a report by www1.wdr.de,

The craft businesses in North Rhine-Westphalia recorded an average increase in sales of six percent last year. Nevertheless, the president of Handwerk.NRW is concerned because sales are slowly declining again. The construction crisis in particular is causing concern for many companies, as large-scale construction projects are paused due to the economic situation. This has a particular impact on the construction industry, which accounts for a large proportion of craft sales. However, trades in the areas of climate and energy are still in demand. There is an urgent need for skilled workers here, but this is made more difficult by the shortage of skilled workers.

The shortage of skilled workers has a negative impact on sales because a lack of craftsmen affects order processing. Although the number of new trainees is stable, there is still a need for more skilled workers and young talent. In addition, bureaucracy puts a strain on small businesses, which is why relief in this area would be of great importance. The new state building regulations in North Rhine-Westphalia are intended to make building permit procedures easier, which is positive for certain trades such as bricklaying or carpentry. The demands on the state include a reduction in property taxes and the withdrawal of a raw materials levy.

The current developments in the construction industry and crafts in North Rhine-Westphalia show that, despite some challenges, there are positive signals. However, the long-term impact on the market and the financial sector could be influenced by various factors such as the shortage of skilled workers and bureaucratic burdens. It remains to be seen how the situation will develop further.