Today: Friday, 19 August 2022 year

DIHK reported that German enterprises are forced to cut production due to rising gas prices

DIHK reported that German enterprises are forced to cut production due to rising gas prices

German enterprises were forced to reduce or stop production due to rising gas prices. This is reported in the report of the German Chamber of Commerce and Industry

The Chamber studied the activities of 3,500 German companies in various industries and found that a reduction in production or a willingness to take this step due to an increase in the cost of energy products affected 16 percent of them.


Nearly two-thirds of companies (63 percent) believe that rising electricity prices threaten the country’s competitiveness.

“These are alarming numbers. For many companies, all that remains is to close or move production elsewhere,” said DIHK President Peter Adrian.


According to him, reducing gas consumption in industry is achieved by shutting down equipment, and not through energy efficiency measures.


Earlier, the German government admitted that the shortage of gas in the coming winter could lead to emergencies in certain regions of the country. Gas prices are expected to double or triple.