German Companies See Supply Squeeze Lasting Until Next Year
- Industry group releases survey of almost 3,000 firms
- Two thirds say they’re passing on higher costs to customers
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Most German companies expect widespread supply-chain problems to persist into next year, threatening to damp the economy’s post-pandemic recovery.
Only about a fifth of almost 3,000 firms polled by the Association of German Chambers of Industry and Commerce, or DIHK, said they expect the situation to improve this year, while a quarter isn’t able to make a judgment on when things will get better, the group said on Thursday.