# Lack of orders weighs on German economy – Ifo
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2024-02-05
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: German Economy Struggles with Lack of Orders - Ifo Report
Meta Description: Ifo Institute warns of mounting challenges due to decrease in manufacturing orders, impacting various industries in the German economy.
URL: https://financedigest.com/lack-of-orders-weighs-on-german-economy-ifohtml

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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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