German IFO’s Economist: Latest fall in IFO index gives us some cause for concern

Following the release of the German IFO Business Survey, the institute’s Economist Klaus Wohlrabe said that the “latest fall in IFO index gives us some cause for concern.”

Additional quotes

Supply chain bottlenecks are putting companies under real pressure, there is no sign of a let-up.

A clear majority of companies plans price increases.

Business sentiment for services sector has notably deteriorated.

more to come ....