ForexLive Breaking News

Ifo economist says that virus situation, production bottlenecks is subduing German recovery

Ifo economist says that virus situation, production bottlenecks is subduing German recovery

Remarks by Ifo economist, Klaus Wohlrabe
– Industrial sector is booming but has problems with pre-production
– 45% of industrial companies complain about pre-production problems, bottlenecks
Nothing here that hasn’t really been foreshadowed by the PMI readings over the past few months really. The supply bottlenecks have also led to higher input costs and in turn, putting upwards

Source: Forexlive RSS Breaking news feed
Date: April 26, 2021, 18:39