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Germany's Industrial Output Up 0.9% in May, Signals Q2 Recovery

2026-07-07 07:53:09

According to Kayvand Macroeconomics economist Andrew Kenningham, Germany's May industrial output rose 0.9% month-on-month on July 7, following strong retail data and suggesting the economy has weathered the Iran conflict impact and may expand in Q2. However, Kenningham cautioned that the growth is primarily driven by automotive production, and given the sector's challenges, this momentum is unlikely to sustain. He noted that while Germany's manufacturing appears unaffected by the conflict, the industry's share of the economy is likely to decline over the medium term.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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