Overall economic demand flattening out
Whereas the turbulence on the energy and raw materials markets in the previous year was partly met by corona catch-up effects and strained international supply chains, there are now signs of a slowdown in overall economic demand. From the short-term consequences of the energy crisis and high inflation, the focus is increasingly turning to the medium- and long-term effects for Germany as an industrial location."Short-term economic policy crisis management is important, but against the backdrop of current developments it is more important than ever to implement an industrial policy strategy to preserve value chains," is the assessment of the Arbeitsgemeinschaft Zulieferindustrie (ArGeZ), which calculates the business climate index in collaboration with the Munich-based ifo-Institut. It is based on a survey of around 600 companies and covers the foundry industry, aluminum industry, plastics processing, steel and metal processing, nonferrous metals industry, rubber industry and technical textiles, all of which are members of the Arbeitsgemeinschaft Zulieferindustrie (ArGeZ).
