German manufacturers see materials shortages extending into 2023 - Ifo

German manufacturing shrinks in Sept as new orders slump - PMI - Copyright Thomson Reuters 2022

By Reuters

Published on 29/06/2022 - 14:55

BERLIN – A shortage of materials among German manufacturers will continue for at least another 10 months, a survey of companies in the sector by the Ifo economic institute showed on Wednesday.

Some 74.1% of 2,000 companies surveyed complained about bottlenecks and problems procuring intermediate products and raw materials in June, easing slightly from 77.2% in May.

“The hoped-for easing in supply chains is constantly getting pushed back,” Ifo economist Klaus Wohlrabe said in a statement. “Supply bottlenecks are now unfortunately part of everyday life for many companies.”