Industry - Country Industry Forecasts - Germany
Value-added industrial output shrunk again in Q3, this time falling by 1.4% q/q. There is little reason for cheer in most of the recent data: October, the first month of Q4, showed another drop in the industrial production index, bringing levels to just under the previous July 2024 lows. Manufacturing sentiment surveys remain dour: the latest manufacturing flash PMI came in at 42.5, remaining close to the lows of the last few months and far below the 50-mark denoting contraction, and the IFO production activity index similarly is languishing at very poor levels.
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