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German industry coping better with bottlenecks - ministry

Published 14/02/2022, 09:37
© Reuters. FILE PHOTO: A steel worker for Germany's industrial conglomerate ThyssenKrupp AG takes a sample of raw iron from a blast furnace at Germany's largest steel factory in Duisburg, Germany, January 28, 2019. REUTERS/Wolfgang Rattay

BERLIN (Reuters) - German industry appears to be coping better with supply bottlenecks for important intermediate goods and raw materials, the economy ministry said on Monday.

© Reuters. FILE PHOTO: A steel worker for Germany's industrial conglomerate ThyssenKrupp AG takes a sample of raw iron from a blast furnace at Germany's largest steel factory in Duisburg, Germany, January 28, 2019. REUTERS/Wolfgang Rattay

Industrial companies expect bottlenecks to ease around midyear, which, paired with high order backlogs, is making for a more positive outlook, the ministry said in its monthly report.

It added that an easing of supply bottlenecks along with somewhat lower energy prices should reduce inflationary pressure.

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