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December 3, 2015
Region:
Industrial output in Germany is likely to expand by around 0.5% in real terms in 2015. For 2016, we expect growth close to zero. This means the sustained phase of relatively muted economic dynamics of industrial output seen since 2012 would continue. The rather stable development of producer prices in recent months also provides evidence that would indicate subdued industrial activity. Our forecast for industrial output implies that manufacturing’s share in total German gross value added will shrink for 2015 and 2016. [more]
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