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German Industry Bounces Back as Firms Front-Run Higher Tariffs

Summary by Financial Post
German industrial production unexpectedly rose in May, suggesting companies rushed production before potentially much higher tariffs on exports to the US.

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The value of goods exported from Germany fell again surprisingly in May. Exports to the USA fell to the lowest level since March 2022.

·Germany
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The German export industry suffers from the customs uncertainty on the important US market. Exports to the USA were up 7.7 in May compared to April.

Industrial production in North Rhine-Westphalia fell by 1.0 percent in May 2025 compared to the previous month, according to the State Statistical Office. Energy-intensive sectors were particularly affected, with a decline of 1.5 percent, while other industries recorded a decline of 0.9 percent. Developments varied among the energy-intensive sectors: While the chemical industry reported a production decline of 2.9 percent, coking plants and mine…

Germany's industrial production rebounded with unexpected force in May, according to official data, which increases hopes that Europe's main economy has overcome the crisis despite trade tensions with the United States (EU).Industry production increased by 1.2% at a monthly rate, after falling by 1.6% in April after US President Donald Trump announced heavy tariffs, the federal statistical agency Destatis reported yesterday.The analysts surveyed…

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The Budapest Times broke the news in on Monday, July 7, 2025.
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