Political uncertainties delay customer decisions, especially in the US

Siemens' Chief Financial Officer, Ralf Thomas, discussed customer hesitancy due to political uncertainties in the United States. He spoke at a Bank of America conference in London on Wednesday. Thomas noted that such uncertainties often lead to delays in decision-making. He mentioned that this issue is not limited to the U.S. but also affects other regions. Companies are facing a sense of paralysis when it comes to making important choices. Thomas does not foresee this situation improving in the near future. Despite these challenges, Siemens is optimistic about long-term demand for its products. The company has a substantial order backlog of 118 billion euros, or about $129 billion, which it aims to fulfill.