FILE PHOTO: The Berlin skyline is seen, during the spread of coronavirus disease (COVID-19) in Berlin, Germany, April 1, 2020. REUTERS/Michele Tantussi/File Photo
January 31, 2022
BERLIN (Reuters) – 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)
https://www.oann.com/german-manufacturing-bottlenecks-ease-in-january-ifo-says/?utm_source=rss&utm_medium=rss&utm_campaign=german-manufacturing-bottlenecks-ease-in-january-ifo-says