Industries such as leather goods manufacturing at 0 per cent are least affected by these supply chain issues. The textile industry also shows relatively lower disruptions, with only 10.3 per cent of mentions indicating shortages, the ifo Institute said in a press release.
In most other sectors, the share of companies facing such issues is below 40 per cent and, in many cases, even lower than 20 per cent. Notably, machinery and equipment manufacturers at 36.3 per cent among others are still struggling more than the industry average.
“Things are settling down,” said Klaus Wohlrabe, head of surveys at the ifo Institute, suggesting a cautiously optimistic outlook for the German manufacturing landscape.
ALCHEMPro News Desk (NB)
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