FRANKFURT (AFP) – German industrial output slumped in June for the third month straight, as businesses continued to contend with shortages of raw materials and components, official figures showed yesterday.
Industrial production was down 1.3 per cent in June compared with the previous month, according to the German federal statistics agency Destatis.
The fall is best attributed to “supply bottlenecks for semiconductors, particularly in the automotive sector, which continue to pose a problem”, the Economy Ministry said in a statement.
It follows a drop of 0.8 per cent in May, revised downwards by the Destatis in its latest statement, and a further contraction of 0.3 per cent in April.
