{"id":23416,"date":"2026-01-22T14:41:44","date_gmt":"2026-01-22T13:41:44","guid":{"rendered":"https:\/\/latribune.lazardfreresgestion.fr\/?p=23416"},"modified":"2026-01-22T14:41:44","modified_gmt":"2026-01-22T13:41:44","slug":"german-industry-could-be-making-its-comeback","status":"publish","type":"post","link":"https:\/\/latribune.lazardfreresgestion.fr\/en\/german-industry-could-be-making-its-comeback\/","title":{"rendered":"German Industry Could Be Making Its Comeback"},"content":{"rendered":"

Chart of the Week<\/h2>\n

After years of stagnation, Germany\u2019s manufacturing sector may finally be moving toward a turnaround. Newly released figures for November 2025 show a 5.6% rebound in industrial orders compared with October, and almost a 10% increase since the August trough. Although large, irregular contracts can introduce volatility into the data, the underlying trend remains positive even when these items are excluded. This points to improving sentiment \u2013 particularly in domestic demand, where orders have risen 4.5% since August.<\/p>\n

\"\"<\/p>\n

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

Measures to stimulate public investment, in both infrastructure and defense, may be contributing to the strength of domestic demand. Demand from the rest of the eurozone is also robust, confirming that the European economy currently enjoys solid momentum. These favorable conditions are helping cushion the impact of US tariffs more than initially anticipated.<\/p>\n

Germany\u2019s labor market is also showing signs of improvement, helped by reforms aimed at enhancing the competitiveness of industrial firms. This support has come at a timely moment, as several major industrial sectors \u2013 notably automotive \u2013 have been under pressure. As a result, growth in Europe\u2019s largest economy could therefore start to pick up again after three years of sluggish performance. Combined with a brighter outlook in peripheral countries, this momentum points to a constructive economic scenario for the eurozone in 2026.<\/p>\n

***<\/p>\n

Written on January 23 2026. Opinions subject to change.<\/p>\n

See also: Macroeconomic Focus \u2013 December 2025<\/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":"

After years of stagnation, Germany\u2019s manufacturing sector may finally be moving toward a turnaround. <\/p>\n","protected":false},"author":101016,"featured_media":23411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[148],"tags":[2099,2661],"class_list":["post-23416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chart-of-the-week","tag-europe-en","tag-germany"],"yoast_head":"\nGerman Industry Could Be Making Its Comeback<\/title>\n<meta name=\"description\" content=\"After years of stagnation, Germany\u2019s manufacturing sector may finally be moving toward a turnaround.\" \/>\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-industry-could-be-making-its-comeback\/\" \/>\n<meta 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