The mood in the boardrooms of the German economy also deteriorated in October.
Delivery problems are a growing concern for companies
Munich - The mood in the German economy deteriorated again in October.
The Ifo business climate, Germany's most important economic barometer, fell compared to the previous month by 1.2 points to 97.7 points, as the Ifo Institute in Munich announced.
It is the fourth decline in a row.
"Delivery problems are causing problems for companies," said Ifo President Clemens Fuest.
Capacity utilization in industry is falling.
"Sand in the gears of the German economy is holding back the recovery." The companies surveyed rated the future prospects as less favorable.
The persistent problems in international trade in goods, which can be traced back to the corona pandemic, have once again weighed on the mood.
(dpa)