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Given Germany's oft-celebrated focus on manufacturing as an engine for its economic success, as you can imagine the fact that over the last seven years output has been shrinking might be cause for some alarm.... and indeed it is.

So, is this a medium-term blip while the country transitions to new specialisms (green tech); or

an indication Germany has joined other developed countries in a move from manufacturing to services; or

a sign of amore serious economic malaise?

#Germany #economics
Chart: German industrial output has been on a downward trend since the end of 2017. Industrial production (volume terms, Dec 1991 = 100). 

Shows growth of output from 1991-2008 = 3.0%
from 2011-2017 = 1.25%
but from 2017 to now = - 2.4%