German Exports and Industrial Production See November Gains

Exports rose by 2.1% and industrial production increased by 1.5%, driven by U.S. demand, though overall trade remains below last year's levels.

German exports grew to €127.3 billion in November, a 2.1% increase from October, with strong demand from countries outside the EU, particularly the United States.
Exports to the U.S. surged by 14.5% to €14 billion, making it the largest market for German goods in November, while exports to EU countries and China declined.
Germany's trade surplus expanded to €19.7 billion in November, up from €13.4 billion in October, as imports fell by 3.3%.
Industrial production rose by 1.5% in November after two months of decline, with notable increases in energy generation and vehicle manufacturing sectors.
Despite the recent improvements, German exports were 3.5% lower compared to November 2024, and experts caution that economic challenges persist, including weak global demand and geopolitical uncertainties.