German economy faces uneasy autumn as supply chain bottlenecks weigh on industry - economist

BERLIN, Oct 25 (Reuters) - Germany's economy is facing an uncomfortable autumn as supply chain bottlenecks take a toll on the industry and affect growth in the fourth quarter, Ifo economist Klaus Wohlrabe said on Monday.

"The problems in the industry remain virulent," Wohlrabe said. "Procurement problems are causing falling capacity utilization."

With the current supply chain problems, the German economy is expected to grow by around 0.5% in the fourth quarter, Wohlrabe said, adding that the problems were affecting retail stores and are expected to impact the Christmas season.

Rising prices pressure is continuing, and many of Germany's industrial firms want to increase their prices, Wohlrabe said.

"About every second company wants to raise prices. That is a record," he said. (Reporting by Rene Wagner Writing by Riham Alkousaa Editing by Miranda Murray)

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