Many farms are still far from normality far | economy

Association surveys show: Many companies will no longer have to fight the consequences of the Corona cope with the crisis. This will also have an impact on the

Many farms are still far from normality far | economy

Association surveys show: Many companies will no longer have to fight the consequences of the Corona cope with the crisis. This will also have an impact on the labour market, as Economists predict.

Berlin (Reuters) - businesses and craft enterprises in Germany, despite the first rays of light in the Corona of a crisis on a prolonged losing streak.

According to a survey conducted by the DIHK, the half of the companies expected at the earliest in the next year and a return to business normality. Only about a third expect this year. The craft reports in the Wake of the loosening, it is further attractive shops. For a all-clear it is from the point of view of the crafts Association-CRAFTS-but too early. The only gradual recovery in the economy is from the point of view of people, the number of unemployed in Germany, the hosts can continue to rise.

A DIHK survey of around 8,000 businesses showed that the companies in question after the recovery from the effects of the Corona-crisis more pessimistic than the last. During the beginning of may, 28 percent of companies are not expected until 2021, with a return to normal business, whether it is currently around 40 percent. A further 10 per cent expected an even later normalization. "We see clearly that Many companies will no longer need to fight hard to overcome the consequences of the Corona-crisis," said DIHK managing Director Martin Wansleben. "We will need a long breath to in the end emerge from this crisis stronger."

Still, not all of the holdings of the loosening of the Corona could benefit limitations: 20 percent reported by a complete or far-reaching a standstill of your business. "Including bus companies, organizers of fairs, concerts or fairground. For these companies, the aid from the economic stimulus package need to arrive quickly now," urged Wansleben.

A survey of more than 1500 craft in June has, in turn, result in according to the ZDH, that after the end of the lock-downs pandemic-related disruption to the business operation, while more have subsided and "tendencies for movement" be an upward visible. However, firms reported continued high loss of revenue, informed the Central Association of German crafts (ZDH). "The loss of Sales of the enterprises will remain high overall, because the consumer and the purchasing restraint of consumers is also in products and services in the crafts felt," said ZDH President Hans Peter Woll zeal. Add to this that the backlog will shrink, and many employees do not or only to a limited extent are still available.

In the survey from the 18. up to the 23. June, involved, according to the ZDH, 1538 establishments. Accordingly, significantly fewer companies report, with 42 per cent for the month of may sales to be lower as compared to the Situation before the Corona-Lockdown. 41 percent reported that sales are up on the Season for the typical level. At 17 percent, sales increased in comparison with the Prior-Corona-the time even. The majority of the companies do not expect the pandemic-related Revenue losses can be recovered by the year-end.

most of the decline in sales of food businesses (70 percent), as well as the health and Automotive sectors (66 per cent) were affected according to the figures. Sales growth would have reported "personal service provider" (37 percent). Part of this was accounted for due to special effects, because many hairdressers are allowed to work as you re-open a customers rush.

"is a concern, with a view to the coming months, the orders - trades, particularly in the construction and Expansion - is not in the required dimensions, come in," said ZDH President. "If we reverse here, no trend, then the slump in the economy, or even the economic slump is mainly the Buildings yet." Especially the public sector as the main Customer should be your role model.

"The number of unemployed is expected to rise in the next few months, because there will be more redundancies and companies are hiring less," said Fritzi Köhler-Geib, chief economist of the government development Bank KfW. Also from the point of view of Katharina Utermöhl, economist at Allianz group, there will be adjustments for many companies, "finally, but not Capacity, that is to say Jobst-outs, or even a bankruptcy, come around".

Marc shadow mountain by Deutsche Bank in June of nearly three million unemployed people - an increase of 130,000 compared to the previous month. The number of workers on short time was going to move out at the end of may nearly eight million. Thus, Deutsche Bank is slightly higher than the forecast of the Alliance, which is expected to 2,869 million unemployed in Germany. Thus, the highest level since 2013 would be reached.

© dpa-infocom, dpa:200628-99-590570/3

Updated Date: 29 June 2020, 18:34

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