Industrial Policy – Dossier Industry Report
In 2017 we expect manufacturing output in Germany to rise by 0.5 percet. This weak growth is not cyclical but due to the relocation of production and repair and conversion works. Global industrial production is set to maintain the pace of growth seen in 2016 of 1.7 percent. For the first time since 2014 industrial production will increase in all advanced economies. Despite the sturdy pick-up in the pace of global trade, we are only expecting below-average growth in German exports. Including services, exports should grow by a total of two percent.