{"product_id":"industry-country-industry-forecasts-germany","title":"Industry - Country Industry Forecasts - Germany","description":"\u003cp\u003eIndustry - Country Industry Forecasts - Germany\u003c\/p\u003e\n\n\u003cp\u003eWhile German GDP stagnated in Q2, industrial output contracted by 0.6% q\/q. While much of the decline can be attributed to a sharp fall in utilities output, manufacturing output barely grew on the quarter, posting a miniscule 0.1% q\/q expansion. A key reason for this stagnation was a notable slowdown in Germany’s biggest manufacturing sector, motor vehicles \u0026amp; parts, where growth has been slowing throughout the year. Earlier this year and late last year solid growth in the sector helped balance out contractions in energy-intensive and interest-sensitive sectors as automotive producers worked their way through order backlogs, but the positive impulse appears to be fading. We expect this dynamic to continue, with broad-based weakness across industry leading to a 0.8% decline in industrial output in 2023 before a moderate recovery to 1.5% in 2024.\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"September, 2023 \/ 27 Pages \/ MCW16210147","offer_id":47614802034994,"sku":null,"price":300.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/industry-country-industry-forecasts-germany","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}