""The start of the year has been extremely sluggish for German industry," said Elmar Voelker, an analyst at the bank LBBW, noting that "the fleeting hopes of a recovery that had emerged last autumn have evaporated for now.""
""Future economic developments will therefore depend crucially on the course of the conflict in the Middle East," the economy ministry stated, highlighting the impact of geopolitical factors on industrial activity."
In February, German exports rose by 3.6%, surpassing expectations of a 0.5% increase. Exports to the EU increased by 5.8%, while those to the US and China fell. Industrial production declined by 0.3%, contrary to predictions of a 0.6% rise, influenced by a drop in construction due to severe cold weather. Analysts noted a sluggish start for German industry, with industrial orders only increasing by 0.9%. The economy ministry warned of a potential slowdown in industrial activity due to geopolitical uncertainties.
Read at The Local Germany
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