# Lack of orders weighs on German economy – Ifo
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2024-02-05
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: German Economy Struggles with Lack of Orders - Ifo Institute Report
Meta Description: Learn how the German economy is being affected by the increasing burden of a lack of orders in manufacturing, according to recent Ifo Institute data.
URL: https://startupobserver.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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