US News Production and orders: bottlenecks brakes German industry

15:00  08 june  2021
15:00  08 june  2021 Source:   pressfrom.com

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delivery bottlenecks and scarce raw materials dampen the actually good development of the German industry. For example, the overall production in April compared to March was 1.0 percent deeper, as the Federal Statistical Office on Tuesday in Wiesbaden.

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of the reset follows a significant increase in production in March. Already on Monday, the Federal Office also reported a decline in orders: Compared to the previous month, orders in April declined by 0.2 percent.

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The Federal Ministry of Economics in Berlin explained the damper for production with a scarcity of precursors, especially in semiconductors and timber. For a long time, there have been numerous bottlenecks in international trade in the supply of raw materials and important precursors. These obviously increasingly hit production.

The data confirms the view of the Ministry: Particularly clear in April, the activity in construction, which declined by 4.3 percent. In the industry, the goods production decreased by 0.7 percent. In both areas, the availability of precursors and raw materials plays a crucial role. In contrast, the energy sector widened significantly by 6.0 percent.

After the German economy was clearly shrunk in the first quarter coronabading, the second quarter is actually calculated with a growth spurt. However, this is likely to be braked by the industry, said Commerzbank expert Ralph Solveen. The Federal Ministry of Economics were more confident: the positive development of the company's mood and the stable order intake caused a positive outlook.

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A survey of the Munich IFO Institute showed that companies want to further expand their production - but not as much as last. The indicator of production expectations for May on Tuesday is 5 points deeper at 27 compared to April, but this is still one of the three highest values ​​since 2016. Only in April and March 2021 the index had the higher.

The decline is only back on part of the industries. "The auto industry and its suppliers ride their expectations significantly, but continue with production increases," says Ifo expert Klaus Wohlrabe.

A particularly strong increase in production expect the areas of beverage preparation, manufacturing of data processing equipment and mechanical engineering with values. The most significant upswing is available in the production of clothing. The growth expectations are rather low in the production of leather, leather goods and shoes, wood, wickers, basket and corkware as well as in the production of food and feed.

«Industrial production still has a lot of air upwards," said Nils Jannsen, economic expert at the Kiel Institute for the World Economy (ifw), according to a message. "The companies have been able to completely process the high order intake for several months." The main reason for this are the delivery bottlenecks. Therefore, it is also difficult to predict how long the production disorders stop. «However, they are expected to gradually decrease gradually and brake recovery in the industry for the time being for the time being.»

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