Industrial Policy Dossier – Industry Report
We expect 2016 to bring half a percent increase (up 0.5 percent) in manufacturing production in Germany. The manufacturing sector is very focused on foreign trade and has been affected by the weak development of the global economy.
Global industrial production is set to increase by 1.5 percent in 2016 overall in comparison to the previous year. It is the first time in six years that developed economies have failed to achieve more than a marginal increase in industrial production. At the same time, the rate of expansion in emerging countries has declined.
Given the developments of the export markets and the assessments of the BDI member associations, the BDI expects German exports to grow by approximately one percent in 2016. Foreign trade will be far below the high growth rates seen last year. In 2015 German exports grew by 6.4 percent over 2014. December 2016