Exclusive-Bundesbank expects chip bottlenecks in German industry to worsen in Q2

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By Michael Nienaber
BERLIN (Reuters) - The chip supply bottlenecks in German industry will likely worsen in the second quarter and lead to an overall weaker recovery of Europe's largest economy this year, the Bundesbank's chief economist told Reuters on Friday.
Shortages of semiconductors and other industrial components have led to production cuts in manufacturing, forcing executives and policymakers to rethink supply lines and try to reduce reliance on a handful of Asian and U.S. suppliers.
Automakers and electronics producers are being hit hard by delivery delays of chips, caused by factory closures during the first COVID-19 wave last year and a spike in demand for semiconductors in an increasingly digitised world.
"We expect the problem with semiconductor shortages to worsen somewhat in the second quarter. It could then normalize ...


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