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Trends and Insights

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8 Feb 2024

German Industrial Production Hits Historic Low

Germany's industrial production [continued its decline]( for the seventh consecutive month in December, marking the longest downturn ever, even surpassing the 2008 financial crisis. Factory output decreased by 1.6% month-to-month, with an overall reduction of 1.5% in the last year and 10% since the pre-pandemic period. This persistent fall indicates significant challenges for Europe's largest economy amidst global economic pressures.