This concerning trend underscores a broader issue within the German manufacturing landscape, with 36.9 per cent of manufacturing companies overall citing a lack of orders in January, a slight increase from 36 per cent in October. This marks a significant rise from the same period last year, where only 20.9 per cent of companies reported such challenges. The surge in order shortages is particularly pronounced in energy-intensive industries, as per ifo.
In Germany, the textile and apparel manufacturing sectors are increasingly facing order shortages, with 41.1 per cent of textile companies and 36.9 per cent of apparel firms reporting a lack of orders in January.
This issue is part of a wider trend affecting the German manufacturing industry, where 36.9 per cent of companies experienced order shortages.
“The lack of orders has worsened noticeably over the past year. Hardly an industry has been spared,” said Klaus Wohlrabe, head of surveys at ifo. “What’s more, order backlogs are shrinking.”
Fibre2Fashion News Desk (DP)