According to a flash survey of the German Chamber of Commerce and Industry DIHK, 60% of companies continue to suffer from lower demand during coronavirus crisis. 43% are experience cancelled orders. Investments are also cut back by more than a third.
80% expect a decline in sales for the whole year. One in four even fear a decline of more than 50% in sales. Over a third of companies expect a return to previous business situation in 2021 at the earliest.
“This shows the enormous challenges we are now facing,” said DIHK President Eric Schweitzer. “There is still a long way to go before our economy recovers.”
