German manufacturing bottlenecks ease in January, Ifo says

Author of the article: BERLIN — The number of German manufacturing companies reporting bottlenecks and problems procuring intermediate products and raw materials eased to 67.3% in January from 81.9% in December, the Ifo economic institute said on Monday. “Despite this development, companies still have much to worry about,” Ifo economist Klaus Wohlrabe said in a…
German manufacturing bottlenecks ease in January, Ifo says

Author of the article:

BERLIN — The number of German manufacturing companies reporting bottlenecks and problems procuring intermediate products and raw materials eased to 67.3% in January from 81.9% in December, the Ifo economic institute said on Monday.

“Despite this development, companies still have much to worry about,” Ifo economist Klaus Wohlrabe said in a statement. “It remains to be seen if this is a trend reversal.”

Supply chain disruptions and restrictions introduced in the autumn to fight a fourth COVID-19 wave translated into a contraction of 0.7% in the fourth quarter in Germany, Europe’s largest economy. (Writing by Paul Carrel; Editing by Miranda Murray and Alex Richardson)

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