BERLIN, Nov. 29 (Xinhua) -- Almost three in four German manufacturing companies (74.4 percent) reported bottlenecks and problems in the procurement of intermediate products and raw materials in November, four percentage points more month-on-month, the ifo Institute said on Monday.

"The pressures have not abated as hoped," said Klaus Wohlrabe, head of surveys at ifo. "There is no sign of the hoped-for relief."

The number of German companies with procurement problems has "increased in almost all industries," except electrical equipment manufacturers, where the rate declined to 85 percent, the institute noted.

Clothing, machinery and equipment producers as well as the country's important automotive industry were most affected by the material shortages, with almost 90 percent of companies reporting supply issues.

Exports and imports of German passenger cars fell sharply in the third quarter (Q3). "The lack of chips in the automotive industry and other delivery bottlenecks are the likely reasons for that development," the Federal Statistical Office (Destatis) said on Monday.

The ifo Institute noted that the continuing tense situation in procurement "coupled with bulging order books" would have an impact on price development. "Never before have so many companies announced price hikes," Wohlrabe said. Enditem

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