Ifo Institute said 56.2% of German companies are suffering from negative impacts of coronavirus epidemic. Only 2.2% of all companies reported a positive impact. Situation is worst for tour operators and travel agencies, with 96% negative affected.
In manufacturing, 63% reported negative impacts. 76.4% said business trips were canceled or delayed. 52.0% noted difficulties in supply of preliminary products or raw materials. Companies in the electrical, mechanical engineering, furniture and chemical industries are most affected.
In trade, 63% are negatively affected. 65.9% said there are delays or failure of deliveries in purchasing. 58.7% noted decline in demand.
