Following the publication of IFO’s latest German business survey, institute economist Klaus Wohlrabe said that “the third wave of coronavirus and production bottlenecks are undermining the economic recovery“.
Additional comments:
“The upward trend continues, but moderate“.
“The industry is booming, but it has problems with pre-production“.
“45% of industrial companies complain of problems with pre-production and bottlenecks with semiconductors. “
“The situation of orders in the industry has improved, also capacity utilization “.
“Export expectations for the industry increased again, companies want to employ more people“.
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