The worried consumers held on to their money, says Kühnl, also with a view to another industry that thrives on a more carefree generosity: the catering industry. Although they benefited from the long summer, businesses with outdoor areas were able to entertain guests outside well into September. “But now expectations are plummeting.” Not a single restaurateur surveyed expressed hope for an upward trend; 64 percent expect a deterioration. Future expectations are also poor in the areas of transport and logistics, somewhat more positive in services and clearly positive in the banking industry. Foreign business is becoming difficult for companies in view of the conflict-ridden world situation with a tendency to form political blocs.
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