German industrial output falls unexpectedly in April



© Reuters. FILE PHOTO: A crane operator lifts up a finished steel coil at the storage and distribution facility of the German steel maker in Duisburg, Germany, January 30, 2020. REUTERS/Wolfgang Rattay

BERLIN (Reuters) – German industrial output fell unexpectedly in April, data showed on Tuesday, in a further sign that semiconductor shortages and other supply bottlenecks are undermining the recovery in Europe’s largest economy.

The Federal Statistics Office said that industrial output dropped 1.0% on the month after a downwardly revised increase of 2.2% in March. A Reuters poll had pointed to an rise of 0.5% in April.

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