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German industrial output falls to 2005 levels as auto sector craters (www.ft.com)
submitted 22 hours ago by schizoidman@lemmy.zip to c/globalnews@lemmy.zip
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cross-posted from: https://lemmy.zip/post/50548487

https://archive.md/QW2r4

German industrial production fell back to 2005 levels in August as output in the country’s all-important car industry cratered by 18.5 per cent compared with the previous month

Overall, industrial production fell 4.3 per cent in August compared with the previous month, seasonally adjusted data showed on Wednesday. Economists had predicted a smaller drop of 1 per cent in a Reuters poll.

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[-] semisimian@startrek.website 1 points 13 hours ago

Thanks to everyone who posts the archive link!

The why from the article: "According to the German statistical office, the “sharp decline” in car production was in part caused by the later timing this year of annual closures at car plants for holidays, as well as production changeover.

But a profit warning by German carmaker BMW late on Tuesday was the latest reminder of the industry’s structural challenges as it struggles with the transition to battery cars, weak sales in China, competition from Chinese rivals and US import duties.

Germany’s economy has been stuck in stagnation for more than three years."

this post was submitted on 08 Oct 2025
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