Supply headaches sink German business morale to six-month low

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

ICYMI: A weaker-than-expected business sentiment survey was followed by a grim outlook from Germany’s central bank, which said in its monthly report that economic growth was likely to slow sharply in the fourth quarter

The Ifo institute said on Monday that its business climate index fell to 97.7 from an upwardly revised 98.9 in September. This was the lowest reading since April and undershot the 97.9 consensus forecast in a Reuters poll.

"Supply problems are giving businesses headaches," Ifo President Clemens Fuest said, adding that capacity utilisation in manufacturing was falling.Half of all industrial companies are planning to hike prices due to the continuing supply problems, which is a record high in the survey, Ifo economist Klaus Wohlrabe said.

In addition to the supply problems, the spike in gas and energy prices is complicating the recovery, Gitzel added.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Vladimir Putin drives down Europe gas prices by ordering company to supply Austria, Germany'This will create a favorable situation, at any rate, a better situation in the European energy market in general,' Putin said. COP26 I'm watching $60_$65k as the next resistance for Bitcoin If we can break that range with confirmation then the 2nd half of the bull market is starting! yanasvetlana123 is a super Bitcoin Trader I’ve been following his tweets and tips seriously & I’ve been doing great
La source: Newsweek - 🏆 468. / 52 Lire la suite »

Apple sales miss expectations, Tim Cook says supply issues cost company $6 billionEARNINGS: Apple Q4 EPS $1.24 vs. $1.24 Est.; Q4 Revs. $83.36B vs. $84.85B Est. • $AAPL CNBCJosh has the numbers. Check this out You mean living off Jobs’ legacy wasn’t going to last forever? 🤔 $AFMJF Alphamin resources has tin! 📈
La source: CNBC - 🏆 12. / 72 Lire la suite »

Major analysts hope Amazon can bury supply chain concerns heading into third-quarter earningsNew for subscribers: Major analysts hope Amazon can bury supply chain concerns heading into third-quarter earnings. Check out CNBCPro today. Pro Amazon doesn’t control the shipping industry and the docks.
La source: CNBC - 🏆 12. / 72 Lire la suite »