German Industrial Production Falls for Second Consecutive Month

Unexpected declines in manufacturing, energy, and construction output signal deepening economic challenges for Germany.

Germany's industrial production decreased by 1.0% in October compared to the previous month, defying economists' expectations of a 1.2% increase.
The automotive sector saw a significant production drop of 1.9%, reflecting ongoing structural issues within the industry.
Energy production experienced the sharpest decline, falling by 8.9%, while construction output remained stagnant.
Analysts highlight weak order books, high costs, and economic uncertainty as contributing factors to the continued downturn.
Economic forecasts suggest that Germany's economy may stagnate during the winter months, with minimal growth expected in 2025.