Investments by German industry increased again last year, but have still not reached their pre-crisis level.

The Federal Statistical Office published figures for the entire year 2021 on Wednesday - according to this, the industry invested 63 billion euros in machines, land or tools.

That was an increase of 3.5 percent, but a minus of 10.9 percent compared to 2019, the last year before the Corona crisis.

Almost half of the investments were made in the four largest sectors - the automotive industry, the chemical industry, mechanical engineering and the food and animal feed industry.

Investments increased in almost all sectors, for example in the manufacture of data processing equipment, in the metal industry and the chemical industry.

According to the Federal Office, only the automotive industry saw a decline of 1.2 percent to 13.5 billion euros.

However, German companies are currently struggling with high costs and the difficult economic situation, both domestically and internationally.

According to a current DIHK economic survey, companies feel compelled to scale back their investments in view of the great uncertainty.