
Industry - Country Industry Forecasts - Germany
Description
The volatility associated with the imposition of US tariffs on Europe in the first half of the year has come and gone and our conviction that German industry is close to finding a bottom has been strengthened. While the March production spike was indeed largely reversed in April, the subsequent production levels have all been higher than the average for the prior months. There is no clear upwards trend, but the continuous decline since the end of 2022 has certainly paused, if not ended entirely.
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