More and more companies are cutting back on production due to increasing energy prices

According to a survey of 3,500 companies in Europe’s largest economy, 16 PERCENT OF THEM ARE REDUCING PRODUCTION OR PARTIALLY SUSPENDING THEIR BUSINESS ACTIVITIES.

Russia’s invasion of Ukraine in February has had major repercussions across Europe for governments and businesses grappling with soaring energy costs and fears of acute gas shortages in the peak winter demand months.