German IFO’s Economist: There is slight easing of supply shortages in industry

Dhwani Mehta FXStreet

Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that “there is a slight easing of supply shortages in the industry.”

Additional quotes

German economy starts new year with glimmer of hope.

It is too early to talk about a turnaround of economic situation.

Raw materials and preliminary products supply issues have eased.

Delivery bottlenecks in retail have also eased.

No easing of prices, at least every second industrial firm planning further price hikes.

Export expectations of industry have improved significantly.

EUR/USD reaction

EUR/USD remains pressured near 1.1300, shedding 0.22% so far. The focus remains on Wednesday’s Fed decision and the Russia-Ukraine crisis.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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