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German companies signal improved business sentiment - BusinessWorld Online

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GERMAN companies are expecting their prospects to improve, according to the results of a global survey released by the German-Philippine Chamber of Commerce and Industry (GPCCI).

The GPCCI said the World Business Outlook report for Fall 2022 released on Wednesday found that 53% of participants expect the situation to improve for their companies, higher than the Fall 2021 and Spring 2022 survey results.

Of the Philippine segment of the survey, 61% of respondents expect their business to improve in the next 12 months while 13% expect conditions to deteriorate. Philippine locators described the three main advantages of being based here as the skilled workforce , labor costs , and supplier network .

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