German companies have at least partly relocated their operations abroad because of Germany’s ongoing energy chaos
Germany’s companies have moved at least some operations abroad.
While the report makes grim reading for Berlin, it has some silver linings for Brussels.
Companies mostly plan to relocate their manufacturing processes within the European Union, they say.
China is an increasingly less attractive location for businesses, with only ten per cent of companies looking to relocate some of their operations to Asia.
Meanwhile, eight per cent are exploring bringing some of their Asian operations back to Europe, amid growing tensions between East and West.