Automakers are still facing greater raw material shortages than other industrial sectors.
German automakers are still experiencing significant supply bottlenecks even as shortages in other industries subside.
While pinch points eased for most industrial sectors in September, the number of automotive manufacturers reporting a squeeze rose to 53 percent after falling below the 50 percent-mark in August for the first time this year, a survey by the Munich-based Ifo Institute on Tuesday showed.
German automakers are still experiencing significant supply bottlenecks even as shortages in other industries subside.
While pinch points eased for most industrial sectors in September, the number of automotive manufacturers reporting a squeeze rose to 53 percent after falling below the 50 percent-mark in August for the first time this year, a survey by the Munich-based Ifo Institute on Tuesday showed.
Engineering companies and makers of data processing equipment are also still struggling, with the share of companies battling with bottlenecks exceeding 36 percent, “still noticeably above the long-term average,” Ifo said.
The beverage industry, at just 1.3 percent, the paper industry and manufacturers of leather goods “are worry-free,” the institute said.
Overall, the share of companies reporting raw material shortages decreased slightly to 24 percent last month.
Europe’s biggest economy has borne the brunt of the industrial hit this year after China-led weakness in global demand left factory production languishing.
German industrial output fell for a fourth month in August.
Source : Automotif News Europe
