WDH / Mittelstand Suffers From Energy Costs And Wants To Increase Prices

(repeat from the weekend)

Frankfurt/Berlin (dpa-AFX) – Rising energy and raw material costs are becoming an increasing burden for German medium-sized companies. “Above all, the very sharp rise in prices of many raw materials and primary products as well as the ongoing bottlenecks in supply are raising concerns and risks for mid-sized businesses,” DZ Bank and BVR Banking Association said based on the findings. From the latest SME poll conducted by the German news agency. “As a result, the vast majority of medium-sized companies feel compelled to increase their sales prices.”

More than 80 percent of the more than 1,000 companies surveyed — and thus more than at any time since fall 2013, when the topic was first raised in the survey — are concerned about the extremely high prices of energy and materials. According to the information, there has never been such a large number of companies intending to raise their prices since the survey began in 1995: 69 percent of medium-sized companies in Germany want to raise their prices in the next six months, and less than 2 percent want to reduce who are they.