German Industrial Production Slumps on Supply Chain Disruption

German Industrial Production Slumps on Supply Chain Disruption
Staff wear protective masks at the Volkswagen assembly line in Wolfsburg, Germany on April 27, 2020. Swen Pfoertner/Pool via Reuters
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BERLIN—German industrial output suffered its steepest drop in August since April last year, due to supply chain disruptions that are holding back growth in Europe’s biggest economy and hitting the auto sector particularly hard, official data showed on Thursday.

The Federal Statistics Office said industrial output fell by 4.0 percent on the month after an increase of 1.3 percent in July. A Reuters poll had pointed to a decline in August of 0.4 percent.