The ongoing crisis in the German construction industry continues to weigh on the mood in Saxony's skilled trades sector. Uncertainty and skepticism about future business expectations continue to dominate, said Andreas Brzezinski, Managing Director of the Saxon Crafts Association, at the presentation of the 2024 economic survey in Dresden on Wednesday. The majority of companies expect orders and turnover to decline in the near future. "For the time being, there can be no talk of an economic upturn, at least in the skilled trades sector".
According to Brzezinski, there is a lack of investment incentives and planning security on the part of politicians, for businesses and consumers alike. In addition to the reluctance of private households, a shortage of skilled workers and labor, the unpredictable development of interest rates, high energy costs and bureaucracy are weighing on companies. Politicians must "provide effective impetus so that the skilled trades sector can emerge from the economic trough".
