(Finance) – The shortage of materials in production German became more severe. In March, 80.2% of companies complained of bottlenecks and problems in sourcing intermediate products and raw materials. In February, the figure was 74.6%. This is what emerges from a survey conducted byIfo Institute. “The attack onUkraine has made the situation worse for many companies – said Klaus Wohlrabe, Head of Surveys at ifo -. Supply chains now have new problems to address in addition to existing ones. For example, 17% of German industrial companies import from Russia. “
The very high percentages reporting shortages in key German manufacturing sectors remained virtually unchanged, with around 90% of automotive, electrical and electronics companies and machinery and equipment manufacturers reporting supply problems. In the’chemical industry, the rate rose from 58.4 to 70.5 per cent. Many apparel manufacturers have also reported shortages. “Companies initially expected that the situation would subside in the summer, but now any easing will be further delayed,” added Wohlrabe.