Germany December industrial manufacturing -2.four% vs -Zero.6% m/m anticipated

• Prior +1.5%; revised to +1.three%

The drop in December owes a lot to a decline in manufacturing within the automotive business, which was down 10.Zero% in comparison with the month earlier than. Excluding vitality and building, the headline studying is way worse with the decline being three.three% in comparison with November. As an entire final yr, German industrial manufacturing is seen down four.5% in comparison with 2023. Ouch.

This text was written by Justin Low at www.ubaidahsan.com.



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