Material shortages facing German industry as a result of current global supply chain bottlenecks eased in October, a survey showed Wednesday, but businesses still expect the situation to remain diffi-cult for months to come.
Overall, 70 percent of companies sur-veyed by the Ifo institute reported difficulties in getting their hands on raw materials and compo-nents in October, a drop of seven percentage points from the previous month.
Businesses nonetheless continued to face significant constraints, with suppliers of electrical equipment, carmakers and the mechanical engineer-ing sector most impacted. —AFP
