Germany: Coping with the consequences of the coronavirus pandemic difficult

German business overcomes effects pandemic coronavirus with great difficulty, this follows from the results of a survey of almost 27 thousand enterprises conducted by the German Chamber of Commerce (DIHK).

Nearly one in five businesses in the catering, hospitality and leisure industries face bankruptcy. Two-thirds of catering establishments complain about dwindling net worth, while in the leisure industry – every second. The DIHK estimates that the coronavirus has affected 24 percent of firms surveyed.

In April of this year, the German industry, against the backdrop of weakening domestic demand, unexpectedly received significantly fewer orders than experts had expected. Compared to March, this figure fell by 0.2 percent, the German Ministry of Economics said. Economists polled by Reuters were looking for a 1.0 percent gain after a gain of three consecutive months.

In March, the number of orders in the industry of Germany increased, according to the adjusted data, by 3.9 percent, and not by 3 percent, as previously reported. Compared to February 2020, when Germany began to impose restrictive measures amid the coronavirus pandemic, the number of orders in April 2021 increased by 9.9 percent, and compared to April 2020, the first month of lockdown, by 78.9 percent.

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