💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

German companies are more optimistic about business abroad - survey

Published 11/04/2021, 04:15 AM
Updated 11/04/2021, 04:22 AM
© Reuters. FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, October 26, 2020. REUTERS/Kai Pfaffenbach

BERLIN (Reuters) - German firms are more optimistic about business conditions abroad than they were in the spring, a survey by the DIHK Chambers of Industry and Commerce showed on Thursday.

Some 52% of the more than 3,200 companies with offices abroad said they were satisfied with their business abroad, and 56% said they expected conditions to improve over the next 12 months.

Despite reporting improved business conditions, 50% of surveyed firms cited higher energy and raw material prices as risks to the global economy over the next 12 months.

© Reuters. FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, October 26, 2020. REUTERS/Kai Pfaffenbach

The companies also said they expected economic activity in China and the United States to deteriorate, the survey showed.

The share of companies citing supply bottlenecks as a risk rose to 54% from 40% in the spring.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.