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Daniel Kral observes that Germany's industrial production has stabilized at a low level, but an actual recovery has yet to be seen in the official data.
He highlights that leading indicators are showing greater optimism, which may lead to improved industrial performance later this year. The assessment suggests that while the downturn may have bottomed out, hard evidence of a rebound is still pending.
Kral previously highlighted that all EU member states posted goods trade deficits with China in 2023, marking a significant shift from earlier years here. He has also noted that headline inflation has risen across most European countries since January, with Luxembourg seeing the biggest increase here. These developments add context to the current outlook for Germany’s industrial sector.