The German steel and metalworking industries cannot be satisfied with the results of their activities in the first half of the year, according to their federation WSM.
Production at about 5,000 enterprises, mostly small and medium-sized, was 3.4% lower in the first half of the year than in the first half of the year. In the corresponding period of 2024,[b]"Callanish"[/b]has received news from WSM. By the end of the first quarter, the year-on-year decline appeared to have decreased: in March, it was only 0.4% year-on-year. This has not become a trend, despite some positive signals, such as a 2.4% monthly increase from May to June.
The number of orders also does not look promising.
Christian Vietmeyer, Managing Director of WSM, used the publication of the data as an excuse to once again urge politicians to take action. According to him, the stagnation is caused by well-known factors that slow down economic activity in Germany, such as high energy prices and taxes, slow approval procedures, bureaucratic obstacles, lack of incentives for investment and outdated infrastructure.
"The time of hesitation must pass." He says he is counting on the new government, which has been in power for 100 days, which is usually the cornerstone for summarizing the work of the new government. "Small and medium-sized enterprises now need a hot autumn with quick policy decisions that will strengthen competitiveness," Vietmeyer says.
Christian Kel Germany
Kallanish.com
