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Survey in the metal and electrical industry: poor mood

According to the association, the mood in the North Rhine-Westphalian metal and electrical industry is poor at the turn of the year 2023/24. Both the current economic situation and expectations for the coming months are pessimistic, Metall NRW reported in Düsseldorf on Tuesday. The industry...

A welder works on a piece of metal in a workshop. Photo.aussiedlerbote.de
A welder works on a piece of metal in a workshop. Photo.aussiedlerbote.de

Association details - Survey in the metal and electrical industry: poor mood

According to the association, the mood in the North Rhine-Westphalian metal and electrical industry is poor at the turn of the year 2023/24. Both the current economic situation and expectations for the coming months are pessimistic, Metall NRW reported in Düsseldorf on Tuesday. The industry association referred to an economic survey in which 382 companies took part. Among other things, high energy and raw material prices, a lack of relief for energy-intensive companies, high taxes and levies and crippling bureaucracy are causing companies a lot of problems.

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  1. Despite the poor economic situation in the North Rhine-Westphalian metal and electrical industry, some companies in NRW continue to innovate and invest in new technologies.
  2. The economic survey, conducted among 382 companies in the metal and electrical industry in North Rhine-Westphalia, revealed that metal prices and high energy costs are major concerns.
  3. The turn of the year 2023/24 brings a challenging economic situation to the electrical industry in North Rhine-Westphalia, with energy-intensive companies particularly affected by high prices and lack of relief.
  4. In Düsseldorf, where the Metall NRW association is based, companies in the metal and electrical industry expressed their pessimistic view of the current economic situation and future prospects in the survey.
  5. The poor mood in the North Rhine-Westphalian metal and electrical industry at the turn of the year 2023/24 is causing concern among experts in the Düsseldorf electrical industry, with potential consequences for jobs and investment in the sector.

Source: www.stern.de

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