# Lack of orders weighs on German economy – Ifo
Published: 2024-02-05
Category: News
Category URL: https://technologydispatch.com/category/news/
Meta Title: German Economy Struggles with Lack of Orders: Ifo
Meta Description: Ifo Institute reveals that a growing number of manufacturing and service companies in Germany are facing the challenge of dwindling orders, impacting the
URL: https://technologydispatch.com/lack-of-orders-weighs-on-german-economy-ifo/

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## Lack of orders weighs on German economy – Ifo

BERLIN (Reuters) – The lack of orders in manufacturing is increasingly becoming a burden on the German economy, the Ifo Institute said on Monday.

In January, 36.9% of manufacturing companies reported a lack of orders, up from 36.0% in October, according to Ifo’s surveys. A year ago, the proportion was just 20.9%.

“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.”

In the service sector, 32.1% of the companies reported a lack of orders in January.

(Reporting by Maria Martinez, Editing by Rachel More)


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