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German companies are more optimistic about business abroad - survey

Published 04/11/2021, 08:15
Updated 04/11/2021, 08:22
© Reuters. FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, October 26, 2020. REUTERS/Kai Pfaffenbach

BERLIN (Reuters) - German firms are more optimistic about business conditions abroad than they were in the spring, a survey by the DIHK Chambers of Industry and Commerce showed on Thursday.

Some 52% of the more than 3,200 companies with offices abroad said they were satisfied with their business abroad, and 56% said they expected conditions to improve over the next 12 months.

Despite reporting improved business conditions, 50% of surveyed firms cited higher energy and raw material prices as risks to the global economy over the next 12 months.

© Reuters. FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, October 26, 2020. REUTERS/Kai Pfaffenbach

The companies also said they expected economic activity in China and the United States to deteriorate, the survey showed.

The share of companies citing supply bottlenecks as a risk rose to 54% from 40% in the spring.

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