Supply Chains – Less Material Bottlenecks – Economy

Complaints from German industry about a lack of materials decreased in December for the third month in a row – and significantly so. 50.7 percent of the companies are still suffering from it, after 59.3 percent in November, as the Munich Ifo Institute announced in its survey. The bottlenecks seem to be dissolving in many sectors, said the head of the Ifo surveys, Klaus Wohlrabe. “This will support the economy in the coming months.” The development of the corona situation in China could also cause setbacks again. The German economy obtains more goods from the People’s Republic than from any other country. The German Chamber of Industry and Commerce (DIHK) is hoping for a revival in production, as the economy is sitting on full order books. The orders could now be processed when the bottlenecks came to an end. In international freight traffic, the traffic jams dissolved, said DIHK general manager Martin Wansleben. This is partly due to falling demand worldwide.

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