German industry remains flat in April amid car sector weakness, Daniel Kral notes

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German industry remains flat in April amid car sector weakness, Daniel Kral notes — German industry stagnates as car sector falls

Daniel Kral reports that German industry, excluding construction, was flat in April. The sector faced a significant drop in the car industry, which was balanced by gains in energy-intensive industries benefiting from increased competitiveness. Kral also notes that Asia is at the epicentre of the current shock but sees no signs of a broader turnaround in German industry.

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Daniel Kral previously reported that Eurozone exporters have faced a larger loss of competitiveness in the U.S. market due to euro appreciation, compared to China. He also noted that EU gas storage refill has slowed as higher front month gas prices persist. Both factors add context to the recent industrial trends he describes in Germany.

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