The retail sector has been a pillar of the German economy in recent years. But retailers themselves now have a pessimistic outlook, says the Munich-based Ifo economic institute.
As the German economy goes from strength to strength, it's become increasingly difficult for businesses to recruit urgently needed staff. Hardy Graupner has mingled with entrepreneurs in a small community near Berlin.
Saving is said to be a German virtue, something that can be easily believed if the country's whopping budget surplus is anything to go by. Yet what is good news for Germany may provoke ire further afield.
Business confidence in German boardrooms has decreased marginally, the latest monthly index by the ifo research institute reveals. Despite the ongoing US-China trade spat, executives expect the drop to be short-lived.
Industrial orders in Europe's powerhouse keep dropping, fresh figures have shown. Demand for German goods decreased considerably in eurozone nations, with buyers in non-EU countries only partly offsetting the fall.
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