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Raw material supply problems hurt German industrial exports

by Mike Robinson

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© Reuters. FILEPHOTO: As the Coronavirus Disease (COVID-19), which continues to infect German citizens, spreads, cars intended for export linger at the ports for loading. This is Bremerhaven Germany. April 24, 2020. REUTERS/Fabian Bimmer

BERLIN (Reuters). German exports for October fell by the most since February 2021, as the sector was affected by raw material shortages. The Ifo economic institute stated Tuesday.

From 20.5 points one month ago, export expectations dropped to 13% in October. The industries most affected include car manufacture, chemical equipment and electrical equipment.

It said that exports to the furniture and food industries will remain stable.

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