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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: Newsweek - 🏆 468. / 52 Read more »
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! 📈
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: CNBC - 🏆 12. / 72 Read more »