Rising Energy Prices Push Almost Half German Companies to Cut New Investments: Survey

Rising Energy Prices Push Almost Half German Companies to Cut New Investments: Survey
The financial district in Frankfurt, Germany, on March 18, 2019. Ralph Orlowski/Reuters
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BERLIN—Around 40 percent of German companies are already feeling the impact of rising energy prices and almost half want to reduce investments due to rising energy costs, a survey showed on Monday.

Gas and electricity bills for German householders entering into new contracts hit a record high last month and soaring natural gas and oil prices following Russia’s invasion of Ukraine helped push Germany’s annual inflation to a 40-year high in March.