Germany's industrial production shows signs of recovery, with a month-on-month increase of 1.5% in November
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Germany's seasonally adjusted industrial output increased by 1.5% month-on-month in November, exceeding the expected 0.5%. Although industrial production has shown some recovery, the overall economic outlook remains pessimistic, with GDP growth expected to be very modest in 2025. Factory orders plummeted by 5.4% in November, exports grew by 2.1%, and imports fell by 3.3%. Germany faces challenges of high costs and declining competitiveness, with economists warning of a potential return to recession. The Federal Statistical Office of Germany will release the preliminary estimate of GDP for 2024 next week
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