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8th Jun 2022 00:10Eurozone, Daily Monitor

Industrial production in Germany rebounded in April, but a fall in Q2 as a whole is virtually guaranteed.

Rebounds in services and net trade should drive a Q2 increase in German GDP, by around 0.5%.

We think German GDP will rise by 1.4% and 1.7% in 2022 and 2023, respectively, below the consensus.

capital goods consumer goods domestic orders eu export orders exports factory orders german gdp germany government industrial production inventories manufacturing March May net exports net trade new orders pmi q2 retail sales trade

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Keywords for: Manufacturing will Weigh on Q2 GDP Growth in Germany

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