German Industry falls flat after seven months of growth

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Production in German industry stagnated in December after seven months of sustained growth. According to the German Federal Statistics Office, industrial production remained unchanged last month compared to November.

The German industry is faced with the new lockdowns against the coronavirus and also chips shortages. According to the statistical office, industrial production increased by an adjusted 1.5 percent on a monthly basis in November.

Over the whole of 2020, industrial production in Germany fell by 8.5 percent because of the COVID-19 crisis, for example because fewer cars were sold.

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Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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