Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that “70% of industrial businesses complain about supply chain bottlenecks.”
Additional quotes
Also trade index has fallen, traders were less satisfied with their current business.
Export expectations have fallen but remain at a relatively good level.
Two thirds of companies in both manufacturing and retail sectors want higher prices to cover rising costs.
Rising covid-19 infections have dampened expectations in tourism and hospitality.