BERLIN—Around 40 percent of German companies are already feeling the impact of rising energy prices and almost half want to reduce investments due to rising energy costs, a survey showed on Monday.
Gas and electricity bills for German householders entering into new contracts hit a record high last month and soaring natural gas and oil prices following Russia’s invasion of Ukraine helped push Germany’s annual inflation to a 40-year high in March.
Around 46 percent of companies said they want to reduce investments due to rising energy prices and a quarter of German companies expect to see a burden from price shock in the second half of the year, a survey by the Ifo Institute published by Augsburger Allgemeine newspaper showed.
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