German IFO’s Economist: 70% of industrial businesses complain about supply chain bottlenecks

Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that “70% of industrial businesses complain about supply chain bottlenecks.”

Additional quotes

Also trade index has fallen, traders were less satisfied with their current business.

Export expectations have fallen but remain at a relatively good level.

Two thirds of companies in both manufacturing and retail sectors want higher prices to cover rising costs.