Finance

Raw material supply problems hurt German industrial exports – Ifo

Automobiles meant for export wait on the port for loading, because the unfold of the coronavirus illness (COVID-19) continues in Bremerhaven, Germany, April 24, 2020. REUTERS/Fabian Bimmer

BERLIN, Oct 26 (Reuters) – German October export expectations fell to the worst worth since February 2021 as uncooked materials provide bottlenecks have been affecting the trade sector, the Ifo financial institute stated on Tuesday.

Export expectations fell to 13 factors in October from 20.5 factors a month earlier than and the industries which are affected probably the most embody electrical tools, chemical compounds and automobile manufacturing, Ifo stated.

Alternatively, exports within the meals and furnishings industries are anticipated to stay fixed, it added.

Reporting by Zuzanna Szymanska
Modifying by Riham Alkousaa

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