{"id":22795,"date":"2025-07-11T14:24:17","date_gmt":"2025-07-11T13:24:17","guid":{"rendered":"https:\/\/latribune.lazardfreresgestion.fr\/?p=22795"},"modified":"2025-07-11T14:24:17","modified_gmt":"2025-07-11T13:24:17","slug":"german-industrial-production-stabilizes-a-good-sign-for-europes-economy","status":"publish","type":"post","link":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/","title":{"rendered":"German Industrial Production Stabilizes: A Good Sign for Europe’s Economy"},"content":{"rendered":"

Chart of the Week<\/h2>\n

Like Canada and the United Kingdom, the Eurozone benefited in the first quarter from an increase in U.S. imports driven by anticipation of higher tariffs. Since April, however, this trend has reversed, leading to a decline in European exports.<\/p>\n

However, German industrial production is showing signs of stabilization. In May, it grew by 1.2%, surpassing expectations thanks to strong performances in the automotive sector (+4.9%) and the pharmaceutical sector (+10%).<\/p>\n

\"\"<\/p>\n

OUR <\/b>ANALYSIS<\/b><\/h3>\n

With the manufacturing PMI improving in June to its highest level since summer 2022, these better-than-expected figures seem to indicate that German industrial production in Q2 could be higher than the Q1 average and that industry should not weigh significantly on growth figures. However, vigilance remains key, given the current slowdown in exports and the uncertainties surrounding the expected trade agreement between Europe and the United States.<\/p>\n

Monitoring June\u2019s data will be key, as orders fell in May (-1.4%) after a strong April, though the decline was less pronounced than initially feared. Even so, Germany’s industrial sector continues to show promising signs, which could support regional activity indicators and strengthen market confidence in the positive momentum emerging in Germany.<\/p>\n

***<\/p>\n

Written on July 11 2025. Opinions subject to change.<\/p>\n

See also: A banking sector still undervalued<\/a><\/p>\n

This document is not pre-contractual or contractual in nature. It is provided for information purposes. The analyses and descriptions contained in this document shall not be interpreted as being advice or recommendations on the part of Lazard Fr\u00e8res Gestion SAS. This document does not constitute an offer or invitation to purchase or sell, nor an encouragement to invest. This document is the intellectual property of Lazard Fr\u00e8res Gestion SAS. LAZARD FRERES GESTION \u2013 a simplified joint stock company with share capital of \u20ac14,487,500 \u2013 Paris Trade and Companies Registry No. 352 213 599. 25, RUE DE COURCELLES \u2013 75008 PARIS, FRANCE<\/p>\n","protected":false},"excerpt":{"rendered":"

Chart of the Week Like Canada and the United Kingdom, the Eurozone benefited in the first quarter from an increase… <\/p>\n","protected":false},"author":101016,"featured_media":22788,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[148],"tags":[2677,2661,2007],"class_list":["post-22795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chart-of-the-week","tag-european","tag-germany","tag-industrial-production"],"yoast_head":"\nGerman Industrial Production Stabilizes: A Good Sign for Europe's Economy<\/title>\n<meta name=\"description\" content=\"Like Canada and the United Kingdom, the Eurozone benefited in the first quarter from an increase in U.S. imports driven by anticipation of higher tariffs. Since April, however, this trend has reversed, leading to a decline in European exports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German Industrial Production Stabilizes: A Good Sign for Europe's Economy\" \/>\n<meta property=\"og:description\" content=\"Like Canada and the United Kingdom, the Eurozone benefited in the first quarter from an increase in U.S. imports driven by anticipation of higher tariffs. Since April, however, this trend has reversed, leading to a decline in European exports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"Tribune Lazard Fr\u00e8res Gestion\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-11T13:24:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2025\/07\/shutterstock_288737003-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1674\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lazard Freres Gestion\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LazardGestion\" \/>\n<meta name=\"twitter:site\" content=\"@LazardGestion\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lazard Freres Gestion\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\\\/\"},\"author\":{\"name\":\"Lazard Freres Gestion\",\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/#\\\/schema\\\/person\\\/4a2bad19c535814f1e1473d181f83e9c\"},\"headline\":\"German Industrial Production Stabilizes: A Good Sign for Europe’s Economy\",\"datePublished\":\"2025-07-11T13:24:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\\\/\"},\"wordCount\":313,\"publisher\":{\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/shutterstock_288737003-scaled.jpg\",\"keywords\":[\"European\",\"Germany\",\"Industrial production\"],\"articleSection\":[\"Chart of the week\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\\\/\",\"url\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\\\/\",\"name\":\"German Industrial Production Stabilizes: A Good Sign for Europe's Economy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/shutterstock_288737003-scaled.jpg\",\"datePublished\":\"2025-07-11T13:24:17+00:00\",\"description\":\"Like Canada and the United Kingdom, the Eurozone benefited in the first quarter from an increase in U.S. imports driven by anticipation of higher tariffs. Since April, however, this trend has reversed, leading to a decline in European exports.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\\\/#primaryimage\",\"url\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/shutterstock_288737003-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/shutterstock_288737003-scaled.jpg\",\"width\":2560,\"height\":1674},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/\",\"name\":\"Tribune Lazard Fr\u00e8res Gestion\",\"description\":\"Blog\",\"publisher\":{\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/#organization\",\"name\":\"Lazard Fr\u00e8res Gestion\",\"url\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/wp-content\\\/uploads\\\/2019\\\/03\\\/LOGOLINKEDINVF-2.png\",\"contentUrl\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/wp-content\\\/uploads\\\/2019\\\/03\\\/LOGOLINKEDINVF-2.png\",\"width\":5000,\"height\":5000,\"caption\":\"Lazard Fr\u00e8res Gestion\"},\"image\":{\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/LazardGestion\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/lazard-freres-gestion\\\/\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCI1a03ScxMW6clPl82UO_tQ\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/latribune.lazardfreresgestion.fr\\\/en\\\/#\\\/schema\\\/person\\\/4a2bad19c535814f1e1473d181f83e9c\",\"name\":\"Lazard Freres Gestion\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/128f0714f61071a51906906969e21f6ee66c72ddf9e381e561272ca0fbd906eb?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/128f0714f61071a51906906969e21f6ee66c72ddf9e381e561272ca0fbd906eb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/128f0714f61071a51906906969e21f6ee66c72ddf9e381e561272ca0fbd906eb?s=96&d=mm&r=g\",\"caption\":\"Lazard Freres Gestion\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"German Industrial Production Stabilizes: A Good Sign for Europe's Economy","description":"Like Canada and the United Kingdom, the Eurozone benefited in the first quarter from an increase in U.S. imports driven by anticipation of higher tariffs. Since April, however, this trend has reversed, leading to a decline in European exports.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/","og_locale":"en_US","og_type":"article","og_title":"German Industrial Production Stabilizes: A Good Sign for Europe's Economy","og_description":"Like Canada and the United Kingdom, the Eurozone benefited in the first quarter from an increase in U.S. imports driven by anticipation of higher tariffs. Since April, however, this trend has reversed, leading to a decline in European exports.","og_url":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/","og_site_name":"Tribune Lazard Fr\u00e8res Gestion","article_published_time":"2025-07-11T13:24:17+00:00","og_image":[{"width":2560,"height":1674,"url":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2025\/07\/shutterstock_288737003-scaled.jpg","type":"image\/jpeg"}],"author":"Lazard Freres Gestion","twitter_card":"summary_large_image","twitter_creator":"@LazardGestion","twitter_site":"@LazardGestion","twitter_misc":{"Written by":"Lazard Freres Gestion","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/#article","isPartOf":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/"},"author":{"name":"Lazard Freres Gestion","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#\/schema\/person\/4a2bad19c535814f1e1473d181f83e9c"},"headline":"German Industrial Production Stabilizes: A Good Sign for Europe’s Economy","datePublished":"2025-07-11T13:24:17+00:00","mainEntityOfPage":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/"},"wordCount":313,"publisher":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#organization"},"image":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/#primaryimage"},"thumbnailUrl":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2025\/07\/shutterstock_288737003-scaled.jpg","keywords":["European","Germany","Industrial production"],"articleSection":["Chart of the week"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/","url":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/","name":"German Industrial Production Stabilizes: A Good Sign for Europe's Economy","isPartOf":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/#primaryimage"},"image":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/#primaryimage"},"thumbnailUrl":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2025\/07\/shutterstock_288737003-scaled.jpg","datePublished":"2025-07-11T13:24:17+00:00","description":"Like Canada and the United Kingdom, the Eurozone benefited in the first quarter from an increase in U.S. imports driven by anticipation of higher tariffs. Since April, however, this trend has reversed, leading to a decline in European exports.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industrial-production-stabilizes-a-good-sign-for-europes-economy\/#primaryimage","url":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2025\/07\/shutterstock_288737003-scaled.jpg","contentUrl":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2025\/07\/shutterstock_288737003-scaled.jpg","width":2560,"height":1674},{"@type":"WebSite","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#website","url":"https:\/\/latribune.lazardfreresgestion.fr\/en\/","name":"Tribune Lazard Fr\u00e8res Gestion","description":"Blog","publisher":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/latribune.lazardfreresgestion.fr\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#organization","name":"Lazard Fr\u00e8res Gestion","url":"https:\/\/latribune.lazardfreresgestion.fr\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#\/schema\/logo\/image\/","url":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2019\/03\/LOGOLINKEDINVF-2.png","contentUrl":"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2019\/03\/LOGOLINKEDINVF-2.png","width":5000,"height":5000,"caption":"Lazard Fr\u00e8res Gestion"},"image":{"@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/LazardGestion","https:\/\/www.linkedin.com\/company\/lazard-freres-gestion\/","https:\/\/www.youtube.com\/channel\/UCI1a03ScxMW6clPl82UO_tQ"]},{"@type":"Person","@id":"https:\/\/latribune.lazardfreresgestion.fr\/en\/#\/schema\/person\/4a2bad19c535814f1e1473d181f83e9c","name":"Lazard Freres Gestion","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/128f0714f61071a51906906969e21f6ee66c72ddf9e381e561272ca0fbd906eb?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/128f0714f61071a51906906969e21f6ee66c72ddf9e381e561272ca0fbd906eb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/128f0714f61071a51906906969e21f6ee66c72ddf9e381e561272ca0fbd906eb?s=96&d=mm&r=g","caption":"Lazard Freres Gestion"}}]}},"_links":{"self":[{"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/posts\/22795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/users\/101016"}],"replies":[{"embeddable":true,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/comments?post=22795"}],"version-history":[{"count":1,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/posts\/22795\/revisions"}],"predecessor-version":[{"id":22798,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/posts\/22795\/revisions\/22798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/media\/22788"}],"wp:attachment":[{"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/media?parent=22795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/categories?post=22795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/latribune.lazardfreresgestion.fr\/en\/wp-json\/wp\/v2\/tags?post=22795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}