The Key bits "How do the numbers stack up?
Higher energy prices and interest rates have raised costs and dampened investment in a manufacturing sector already grappling with supply chain problems and the aftermath of the COVID-19 pandemic, BDI President Siegfried Russwurm noted.
"We expect industrial production to decline by 1.5% compared to the previous year," said BDI President Russwurm.
The decline — the same as last year — is symptomatic of a pattern, according to the business leader.
"Despite moderate recovery prospects, we must not deceive ourselves: Overall, production figures have been showing a worrying downward trend for years," said Russwurm.
Many of Germany's energy-intensive companies have suffered particularly from the sharp rise in energy prices since Russia's invasion of Ukraine.
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And the true believers in Germany keep saying shutting down 6 of the best and safest Nuclear power reactors had no impact on German :)
