More German companies prefer to invest abroad – survey ...News

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More German companies prefer to invest abroad – survey
Almost one-third of the country’s industrial firms are planning to relocate production overseas or cut domestic output, according to a commerce group More than half of German companies believe that the transition toward renewable energy and away from Russian gas will harm their businesses, according to a survey by the German Chamber of Commerce and Industry (DIHK). The DIHK’s energy transition barometer survey issued on Tuesday showed that on a scale of minus 100 (‘very negative’) to plus 100 (‘very positive’), the barometer value is -27, the worst result since the survey was launched in 2012. “The confidence of G

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