Chip shortage driving French industry lower
Paris, July 5 :The global shortage of semiconductors that has been plaguing the automobile industry is helping drive industrial production lower in France, data showed Monday.
Manufacturing of motor vehicles fell by 7.9 percent in May from the previous month “due to shortages of raw materials in the automotive industry”, the national statistics agency INSEE said.
That helped drag down overall industrial production by 0.3 percent during the month.
Modern automobiles can use dozens of such chips in their various electronics systems, and carmakers have had to slow or idle factories when they have run out of supplies.
French motor vehicle production was down 29.2 percent in May from its level in February 2020, just before the pandemic lockdowns began.
Overall, French industrial production was 5.6 percent lower from its pre-pandemic level.
Related News
ICCI President visits GICC, explores avenues for Pakistan-China business collaboration
ISLAMABAD, APR 28: /DNA/ – President of the Islamabad Chamber of Commerce and Industry, SardarRead More
SCCI, Argentine chamber explore avenues to boost bilateral trade
SIALKOT, Apr 24: The Sialkot Chamber of Commerce and Industry (SCCI) on Friday held aRead More


Comments are Closed