Stock Futures – German industrial output falls unexpectedly in April
BERLIN, June 8 (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. (Reporting by Michael Nienaber, editing by Riham Alkousaa)