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MNI BRIEF: German Construction Sites See Shortages Worsen: Ifo

MNI (London)

The German construction sector faced continuing material shortages and rising producer prices in June, data published Thursday by the Ifo Institute showed. The industry is facing numerous problems that have "worsened again compared to the previous month," said Felix Leiss, an ifo Institute survey expert. Input costs have risen further in the previous three months, according to 95.2% of respondents, the survey noted.

Supply chain disruptions has only intensified in recent months. In March just 2.9% of respondents mentioned them. "The supply of lumber is still a major issue on German construction sites. But petroleum-based building materials are also in short supply. In many places, there are shortages of synthetic insulation materials, drainage pipes, and other plastic parts. On top of that, there are delivery problems and price increases for steel," Leiss says.

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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