Ifo economist says 70% of industrial businesses complain about supply chain bottlenecks

Remarks by Ifo economist, Klaus Wohlrabe

• Trade index has also fallen, traders were less satisfied with their current business
• Export expectations have fallen but remain at a relatively good level
• 1/2 of companies in manufacturing, retail want higher prices to cover rising costs

As much as this is a hit to economic expectations as it will weigh on business sentiment, this is also part of the inflation debate as mentioned yesterday here.

This is going to be a major problem that will persist for many more months to come.