Economic Briefing/Economic Insights

Germany – Slight setback in production

After two strong increases in succession, German industrial production fell by 0.4% in March compared to February. The main reason for this was a drop of the same magnitude in manufacturing. In view of the weak development of orders until recently, a decline is to be expected in the coming months, as well as in construction, where production surprisingly increased again, before the recovery announced by some early indicators such as the Ifo business expectations should then begin in the second half of the year.