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Raw material supply problems hurt German industrial exports - Ifo

Published 10/26/2021, 02:18 AM
Updated 10/26/2021, 02:20 AM
© Reuters. FILE PHOTO: Cars intended for export wait at the port for loading, as the spread of the coronavirus disease (COVID-19) continues in Bremerhaven, Germany, April 24, 2020. REUTERS/Fabian Bimmer

BERLIN (Reuters) - German October export expectations fell to the worst value since February 2021 as raw material supply bottlenecks have been affecting the industry sector, the Ifo economic institute said on Tuesday.

© Reuters. FILE PHOTO: Cars intended for export wait at the port for loading, as the spread of the coronavirus disease (COVID-19) continues in Bremerhaven, Germany, April 24, 2020. REUTERS/Fabian Bimmer

Export expectations fell to 13 points in October from 20.5 points a month before and the industries that are affected the most include electrical equipment, chemicals and car manufacturing, Ifo said.

On the other hand, exports in the food and furniture industries are expected to remain constant, it added.

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