Saxony-Anhalt: Companies expect rising prices and falling profits

Magdeburg (dpa/sa) - According to a survey by the Halle-Dessau Chamber of Industry and Commerce, the gas and electricity price crisis is having a dramatic effect on companies.

Saxony-Anhalt: Companies expect rising prices and falling profits

Magdeburg (dpa/sa) - According to a survey by the Halle-Dessau Chamber of Industry and Commerce, the gas and electricity price crisis is having a dramatic effect on companies. "Companies are very unsettled across all sectors and are expecting massively rising costs," said Reinhard Schröter, Deputy IHK General Manager, on Tuesday. Many companies in the hotel and catering industry and in retail as well as service providers wanted to further increase prices. Inflationary pressure is expected to increase. It is alarming that the profit expectations of companies, which had just recovered after the pandemic subsided, slipped into the red across the board.

At the energy summit in the State Chancellery on Tuesday, the IHK warned against playing energy-intensive industry off against so-called protected customers, for example in the case of gas saving plans. Many system-relevant producers and suppliers built on the primary industry in the country. "If, for example, no ammonia can be produced, there will be a lack of fertilizer and AdBlue and without this there will be no delivery traffic with diesel trucks," warned Schröter.