Many long-standing retail chains are highly indebted, often from leveraged buyouts led by private equity firms, while investors reconsider further lending.
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Overcapacity remains the main challenge, as the rebalancing of the economy from investment and export-driven growth towards private consumption continues.
Revenues of the engineering services industry have rebounded since 2015 as greater liquidity in financial markets helped to boost construction spending.
Profit margins have increased over the last 12 months due to the benign business environment, however, a slight decline cannot be ruled out in the future.