
Industry - Country Industry Forecasts - Germany
Description
Industry - Country Industry Forecasts - Germany
Industrial activity fell 0.7% on the quarter in Q2 2022, and it continued to decline in July. While the supply-side pressures on the economy are be easing, rocketing gas prices are likely to weigh on German industry through the winter. We forecast a 0.9% decline in industrial production this year, followed by a 1% increase in 2023.
Industrial activity fell 0.7% on the quarter in Q2 2022, and it continued to decline in July. While the supply-side pressures on the economy are be easing, rocketing gas prices are likely to weigh on German industry through the winter. We forecast a 0.9% decline in industrial production this year, followed by a 1% increase in 2023.
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