German, French Industrial Production Unexpectedly Falls

(Bloomberg) -- Industrial output in the euro area’s two largest economies unexpectedly contracted in September, indicating a prolonged impact from supply constraints and semiconductor shortages. In France, the automobile sector was particularly weak with output contracting nearly 15% from August levels. By contrast, German makers of cars and carparts saw improvements, while production in other areas including mechanical engineering, electrical and data processing equipment and metal products contracted.

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