Craft: Economic Situation of Many Businesses Tense - Small businesses struggle as economic pressures and bureaucracy tighten their grip
The economic situation for small business ideas remains tense, with the sector urgently needing relief, simplified documentation, and faster project approvals. Businesses rate their current situation as worse than last year, and the outlook for 2025 is uncertain.
The German craft sector faces several challenges, including a stagnating current economy, rising material and energy costs, and a persistent lack of skilled workers. The housing construction sector, a key driver for many craft trades, has not rebounded. Other industries also face ongoing challenges, with minimal economic growth forecast for the current year. Small business ideas struggle with excessive bureaucracy, protracted approval procedures, high energy prices, and heavy tax and social security burdens. Despite these difficulties, the craft sector shows no signs of recovery.
The craft sector's situation remains grim, with no signs of improvement in the near future. Businesses continue to face numerous challenges, and the economic outlook for the current economy remains uncertain. The sector urgently needs support and simplification of processes to aid recovery.
