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In recession

Energy prices also remain relatively high for the industry. In addition, some of the most energy-intensive activities, such as chemicals, are struggling to regain their pre-war production level in Ukraine.

“ The energy crisis has probably caused a permanent loss of capacity in these sectors ,” explains Franziska Palmas, expert for Capital Economist.

Exports, essential for the sector, are less dynamic, against a backdrop of slowing demand for German products in China and the United States, two crucial markets for the sector.


https://www.latribune.fr/economie/union-...72308.html

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The German industry continues to significantly reduce its production. Analysts had expected a 0.5 percent decline in June - instead it went down 1.5 percent.German companies cut back their production surprisingly sharply in June. Industry, construction and energy suppliers together produced 1.5 percent less than in the previous month, as the Federal Statistical Office announced today.

On average, analysts had expected a decline, but had only assumed a damper of 0.5 percent. Economists also expect a rather weak development in the coming months.

https://www.tagesschau.de/wirtschaft/deu...n-100.html

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Germany's industrial output has dropped significantly, with the country's Economy Ministry warning that, amid a pessimistic outlook, there are no signs of light at the end of the tunnel.

https://www.dw.com/en/germany-factory-ou...a-66456453