Material shortages drop to 29.5% in German firms

Among manufacturers of machinery and equipment, this share fell below the 50 per cent mark for the first time in two years, ifo Institute said in a press release.

In the majority of industries, however, the proportion of companies reporting problems with sourcing intermediate products is now back below 10 per cent. However, completely without worry are manufacturers of leather products.

“The situation has been easing steadily for more than a year. Although bottlenecks still exist for some electronic components,” said Klaus Wohlrabe, head of surveys at ifo.

ALCHEMPro News Desk (NB)