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More Evidence Of A Cyclical Turnaround In German Industry

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ING Economic and Financial Analysis5.01K FollowersFollow5ShareSavePlay(4min)CommentsSummaryGerman industrial production increased by 0.8% month-on-month in November, from an upwardly revised 2.0% MoM in October.While industrial production has finally entered positive territory compared with the third quarter of 2025, US tariffs and the stronger euro exchange rate have made net exports a drag on growth.In 2026, bulk orders could be the new normal, not an exception.
More Evidence Of A Cyclical Turnaround In German Industry

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ING Economic and Financial Analysis5.01K FollowersFollow5ShareSavePlay(4min)CommentsSummaryGerman industrial production increased by 0.8% month-on-month in November, from an upwardly revised 2.0% MoM in October.While industrial production has finally entered positive territory compared with the third quarter of 2025, US tariffs and the stronger euro exchange rate have made net exports a drag on growth.In 2026, bulk orders could be the new normal, not an exception. Tom Werner/DigitalVision via Getty Images By Carsten Brzeski, Global Head of Macro German industrial production increased by 0.8% month-on-month in November, from an upwardly revised 2.0% MoM in October. The November improvement was mainly driven by activity in the automotive industry.This article was written byING Economic and Financial Analysis5.01K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.

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