German industrial output dips on supply chain woes


German industrial production fell for the second month in a row in May, official data showed Wednesday, with bottlenecks in the supply of materials continuing to squeeze output.

Federal statistics agency Destatis said production fell 0.3 percent month-on-month in Europe’s top economy, after falling by the same amount in April — revised from an initial report of one percent.

The slowdown follows an almost uninterrupted rise in industrial production since April 2020, after the shock of the first coronavirus wave.

Output was up 17.3 percent compared with May 2020 but remained five percent below February 2020 levels, before the pandemic.—AFP

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