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German industrial output slumps in August on supply chain woes By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – Staff are wearing protective masks on the Volkswagen assembly line, Wolfsburg, Germany. April 27, 2020. Swen Pfoertner/Pool via REUTERS/File Photo

BERLIN, (Reuters) – German industrial output declined more than was expected due to disruptions in supply chains that have slowed growth in Europe’s largest economy. This data came from official data on Thursday.

After an increase in industrial output of 1.3% in July, the Federal Statistics Office reported that it fell to 4.0% for August. According to Reuters, August’s decline was 0.4%.

In a statement, the Office stated that manufacturers continue to complain about production problems due to shortfalls of intermediate product.

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