German firms delay investments as energy costs climb, lobby group says
Investing.com -- German companies are postponing investments and looking at options to move production outside the country as energy costs continue to rise. Electricity prices increased for nearly half of companies over the past year, while heating costs rose for more than two-thirds, according to an annual survey published Monday by the DIHK industry lobby.
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Investing.com -- German companies are postponing investments and looking at options to move production outside the country as energy costs continue to rise. Electricity prices increased for nearly half of companies over the past year, while heating costs rose for more than two-thirds, according to an annual survey published Monday by the DIHK industry lobby. About one-third of the more than 3,000 respondents said they delayed investment because of expensive energy. Almost one-fifth said they are considering reducing capacity in Germany or moving production abroad, or had already done so.
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- Investing.com -- German companies are postponing investments and looking at options to move production outside the country as energy costs continue to rise. Electricity prices increased for nearly half of companies over the past year, while heating costs rose for more than two-thirds, according to an annual survey published Monday by the DIHK industry lobby.
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German firms delay investments as energy costs climb, lobby group says
Sources1TypeCoverageInvesting.com · Economy