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The global shortage of semiconductors is hurting factory growth across Asia, and feeding through to delays in car deliveries into the UK.
Growth at China’s factories has fallen to a four-month low this month, new figures show, with supply shortages, supply chain problems and rising raw material costs all hitting manufacturers.
And in Japan, industrial output has posted the biggest monthly drop in a year, slumping 5.9% in May from the previous month, hit by declines in the manufacturing of cars and production machinery.
The fall was driven by a 19.4% drop in motor vehicle production, largely due to supply issues with semiconductor chips, the Ministry of Economy, Trade and Industry (METI) said.
A slowdown at Japan’s car industry will have a significant impact on its economy, as Reuters points…