-- Morale across Germany's chemical industry weakened in April as businesses consider the "slight" rebound in the current situation due to the Iran conflict-related supply chain disruptions unsustainable amid rising costs and material shortages.
The business climate index dropped to -29 points, the lowest level in almost three years, from -25.1 points in March, the ifo Institute said Wednesday. The indicator for the current business situation improved to -27.1 points from -31.2 points as demand for local products increased.
At the same time, price expectations plunged to -30.9 points from -18.6 points amid material shortages and plans to lower production in the coming months.