Raw material supply problems hurt German industrial exports – Ifo
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October 26, 2021
BERLIN (Reuters) – German October export expectations fell to the worst value since February 2021 as raw material supply bottlenecks have been affecting the industry sector, the Ifo economic institute said on Tuesday.
Export expectations fell to 13 points in October from 20.5 points a month before and the industries that are affected the most include electrical equipment, chemicals and car manufacturing, Ifo said.
On the other hand, exports in the food and furniture industries are expected to remain constant, it added.
(Reporting by Zuzanna Szymanska; Editing by Riham Alkousaa)
Source Link Raw material supply problems hurt German industrial exports – Ifo
Tajammul Pangarkar
Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.
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