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European factories sound alarm over supply squeeze

Bloomberg European manufacturers are increasingly strained by global supply-chain problems that are pushing up prices and may last well into next year. A gauge by IHS Markit measuring business activity in manufacturing falls last month by the biggest margin since April 2020 — the beginning of the Covid-19 pandemic. Growth in new orders, output and employment slowed considerably. “Supply issues ...

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Musk sees output in Germany starting this year amid delays

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Bloomberg Elon Musk plans for Tesla Inc.’s electric-car plant near Berlin to start producing vehicles as early as next month even as the US company still awaits final approval for the project that’s been delayed by legal challenges. The factory is to begin making Model Y cars in November or December, Musk said during a visit to the site in ...

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Sweden’s economy shrinks in August

Bloomberg Sweden’s economy shrinks far more than anticipated in August, driven by a slump in exports, raising concerns the recovery of the largest Nordic economy may be cut short. Gross domestic product contracted 3.8% in August, the biggest fall since the monthly indicator was launched in February, according to a flash estimate from Statistics Sweden. Economists surveyed by Bloomberg predicted ...

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