Ifo: The percentage of companies reporting supply problems has increased

Problems in the supply chain affecting German industry intensified in November, with 74.4% of companies complaining about problems in the supply of inputs and raw materials, an increase of 4% since October.

As the director of the German Ifo Institute, Klaus Wohlrabe, warned, these problems will affect prices.

“Never before have so many companies said they plan to raise prices,” he added.

The German institute said business research found more severe supply constraints in all sectors except this electrical equipment, where the share of companies reporting problems fell from 90% to 85%.

It remained one of the sectors hardest hit, along with the engine manufacturing sector, where 86% reported problems, and the automotive sector, where 88% reported problems.

The least affected sector was beverage production, where only 40% reported problems.

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Source From: Capital

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