BERLIN – A shortage of materials in the German manufacturing industry has eased slightly, the Ifo economic institute said on Friday after it surveyed 2,000 companies in the sector.
In April, 75.0% of companies complained about bottlenecks and problems procuring intermediate products and raw materials, down from 80.2% in March, Ifo said.
“It would be wrong to describe the situation as completely relaxed,” said Klaus Wohlrabe, head of surveys at Ifo. “In addition to the war in Ukraine, China is a growing cause for concern.”
Computer manufacturers have been hit hardest by materials shortages, Ifo said, with 91.9% reporting problems.
“Right now, there are no signs that there will be substantial relief in the coming months,” Wohlrabe added.
(Writing by Paul Carrel, Editing by Rachel More)
Ad: Save every day with Amazon Deals: Check out today's daily deals on Amazon.