Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Germany is facing severe material shortages in the construction sector, triggering an April slowdown in activity, according to Felix Leiss, a survey expert at the ifo Institute, noting there hadn't been a "bottleneck like this since 1991."
Data published Monday by the Ifo institute pointed to 23.9% of companies reporting problems procuring construction materials, compared to 5.6% in March. In civil engineering, 11.5% noted difficulties in April compared to 2.8% in March.
"At the same time, prices have risen due to supply difficulties in several markets: for example, construction steel, lumber, and synthetic materials such as insulation and sheeting," said Ludwig Dorffmeister, an ifo Institute expert on the construction industry.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.