Survey shows outlook of German firms on Philippines dims

The number of German companies in the Philippines that are optimistic about their current business situation dropped to 50% in the May 2024 survey from 62% in May 2023. — Philippine Daily Inquirer

MANILA: German companies operating in the Philippines have turned less optimistic about their prospects in the country, citing frequent policy changes and high energy prices being among the risk factors affecting their bottom line.

According to the Spring 2024 AHK World Business Outlook Survey conducted by the German-Philippine Chamber of Commerce and Industry (GPCCI), the number of German companies here that are optimistic about their current business situation dropped to 50% in the May 2024 survey from 62% in May 2023.