Raw material supply problems hurt German industrial exports – Ifo

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 tech blogger, and has contributed to numerous tech magazines. Tajammul longstanding experience in the field of mobile technology and industry research is reflected in his insightful news articles as presented on News.market.us. His interest lies in understanding the tech trends, mobile applications and technical consciousness on these increasingly consumer-oriented industries. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.