Even Germany, as an export nation, has to compete for shares on its sales markets. The cost for businesses to manufacture goods plays a vital role in this process. This interactive graphic reveals the following: when unit labour costs increase in comparison to the competition, export performance generally declines.
The British hopes for a high Brexit dividend as a result of the United Kingdom’s departure from the European Union have not been fulfilled.
From 2020 to 2021 the producer prices of manufactured goods in Germany increased by 6 per cent. However, price hikes accelerated during 2021, a development which has continued into 2022.