According to the ifo Institut, the percentage of affected companies was 12.3% in June. In May, 15.8% were reportedly affected by cancellations. “As of yet, the order books are full,” ifo researcher Felix Leiss said. The wave of cancellations is mainly due to the skyrocketing cost of construction, higher interest rates and a decrease in possible subsidies. As a result, many companies expect a deterioration of the business situation in the coming half-year.
