IFO: German industry is lacking raw materials and semi-finished products - Telegrafi - Telegrafi

Nov 05, 2024

Almost three-quarters of German companies reported a lack of materials needed for production, in a survey conducted by the IFO institute in July.

According to the IFO, German industry continues to struggle with supply bottlenecks.

"There is no indication of a clear recovery in the procurement of important materials in the coming months," said IFO head of research Klaus Wohlrabe.

The situation remains critical, especially in key sectors of German industry. In the fields of electrical engineering, mechanical engineering and the automotive industry, about 90 percent of companies continued to report that they were unable to obtain all the necessary materials or semi-finished products.

"In addition to the basic shortage of electronic components, difficulties in world logistics, especially in relation to transport, continue to create headaches for companies", he concluded. /Telegraph/

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