From chips to drivers, euro zone firms warn supply is tight: ECB
Euro zone manufacturers cannot get enough computer chips and other key inputs to keep up with growing demands, resulting in lower economic activity and higher prices, the European Central Bank said.
After talking to 66 leading companies which operate in the euro zone, the ECB reported that manufacturers were lamenting scarce supply as a result of a faster-than-expected rebound in industrial activity and a shortage of shipping containers.
It added the most acute shortage was of semiconductors, followed by metals, chemicals, plastics and related components.
“As a result, many firms’ activity was stable or contracting despite strong growth in order books or indications of substantial latent demand,” the ECB said.
From chips to drivers, euro zone firms warn supply is tight: ECB
04/23/2021 8:13
FRANKFURT (Reuters) - Euro zone manufacturers cannot get enough computer chips and other key inputs to keep up with growing demands, resulting in lower economic activity and higher prices, the European Central Bank said on Friday.
After talking to 66 leading companies which operate in the euro zone, the ECB reported that manufacturers were lamenting scarce supply as a result of a faster-than-expected rebound in industrial activity and a shortage of shipping containers.
It added the most acute shortage was of semiconductors, followed by metals, chemicals, plastics and related components.
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