90 per cent of Bavarian trade sees the near future of their businesses optimistically, said the President of their Association Georg Schlagbauer earlier today. This means more orders and more sales, as well as more jobs in Bavaria.
Schlagbauer explained: "The good situation on the labour market and low interest rates are further fuelling the buying mood of consumers. The upswing remains stable.”
Capacity utilization has risen, there are orders for nearly two months. Sales in the third quarter of the Bavarian have grown by about two per cent to 27 billion euros. The number of employees has increased by 0.2 per cent to more than 931,000. Schlagbauer sees a shortage in skilled labour and complained about 70 per cent of refugees not completing their trade education, which will cause an army of low-skilled minimum wagers. He called for more support in the learning of German language for migrants and refugees.