Small rise in German industry activity led by cars and consumer goods, Daniel Kral notes

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Small rise in German industry activity led by cars and consumer goods, Daniel Kral notes — German industry sees modest May rise

Daniel Kral highlights a slight increase in German industrial activity for May, with investment goods like cars and consumer goods driving the improvement.

However, Kral cautions that it is premature to call this the beginning of a sustained recovery, noting that similar positive signals over the past few years have ultimately proven to be short-lived rebounds.

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In April, Kral reported that German industrial output was flat as car sector declines offset gains in energy-intensive industries, with no broad turnaround seen at the time (read more). He has also noted that recent euro strength has made it more difficult for German exporters to sell in the U.S., as the Chinese Renminbi remains undervalued (read more). The outlook for German industry remains cautious.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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