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The COVID-19 pandemic outbreak has triggered a decline in the GDP of Germany in 2020-Q1, relative to 2019-Q4 and 2019-Q1, which is driven by a decline in consumption and exports.

Although the decline in Germany has been smaller than in other major European countries, automotive manufacturing has been badly hit and has been facing weak and uncertain demand.

Prices are stable relative to the previous quarter, but are higher than in the same quarter of the previous year due to the positive economic performance in 2019.

With an unemployment rate of 3.4%, Germany has one of the lowest unemployment levels in Europe. The impact of the pandemic is not visible in labour markets in 2020-Q1, due to the lag with which labour markets follow GDP movements, but is likely to lead to a rise in unemployment in 2020-Q2.

July 2020

ECSA Chemicals AG
Burgauerstrasse 17
CH-9230 Flawil (Switzerland)

Via Luigi Favre 16
CH-6828 Balerna (Switzerland) 

T. +41582119100
F. +41582119101

CHE-103.950.878

ECSA Maintenance AG
Burgauerstrasse 17 
CH-9230 Flawil (Switzerland)

Via Luigi Favre 16 
CH-6828 Balerna (Switzerland)

T. +41582119300
F. +41582119301

CHE-480.131.332

ECSA Energy SA
Via Luigi Favre 16 
CH-6828 Balerna (Switzerland)

T. +41582119500
F. +41582119501

CHE-356.953.942

ECSA ITALIA Srl Società
con Unico Socio
Via Lavoratori Autobianchi 1 
I-20832 Desio (MB)
(Stabile n. 15 - Polo Tecnologico della Brianza)

T. +39 0362 625 421
F. +39 0362 304 361

P.IVA IT00222470130

Codice destinatario: C1QQYZR

Porta Ticino Easy Stop SA
Via San Giorgio 37
CH-6877 Coldrerio

T. +41582119910
F. +41582119911

CHE-477.597.888

Stalvedro Easy Stop SA
Stalvedro 4, CH-6780 Airolo

T. +41582119950

CHE-315.206.664

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