German companies say inventories too high -Ifo

BERLIN, April 29 (Reuters) - German companies generally regard their inventories as being too high, so industry cannot expect a boost any time soon from firms rebuilding stocks, an economist at the Ifo think tank said on Wednesday.

Klaus Abberger said the Munich-based institute's monthly survey of some 7,000 companies showed that most more focused on reducing stocks before rebuilding them.

"What we see is that companies' inventory levels are still predominantly seen as ...