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MNI BRIEF: Germany Material Bottlenecks At 30-year High: Ifo

MNI (London)
LONDON (MNI)

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.

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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