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Hamburg (dpa / lno) - According to the Chamber of Commerce, the slight recovery in the Hamburg economy has stalled.

That was the result of the current economic survey.

A good 31 percent of the companies are therefore in a bad economic situation, said the Hamburg Chamber of Commerce on Tuesday.

For restaurateurs it is even more than 96 percent.

The expectations for the next 12 months differ greatly depending on the industry.

In industry, with service providers and in the financial sector, they are rather positive.

Restaurateurs and retailers are pessimistic.

The poor economic situation is also having an impact on the labor market: Almost 60 percent of the companies will be able to keep the number of their employees, 25 percent will have to reduce it.

© dpa-infocom, dpa: 210413-99-182475 / 2

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Communications from the Chamber of Commerce