High Energy Costs Prompt German Firms to Consider Relocating

High energy costs and uncertainty about energy supply have prompted four out of ten German manufacturing firms to consider either relocating production abroad or limiting it in Germany, a new survey showed on Thursday. In addition, more than half of Germany’s industrial firms employing 500 people or more are now considering moving production outside Germany or limiting production in Germany, according to the Energy Transition Barometer 2024 published by the Association of German Chambers of Industry and Commerce, IHK. German manufacturing…