1、 Industry Report Industrial production and trade in the individual industries INDUSTRIAL POLICY DOSSIER Manufacturing output is set to fall by three percent this year,based on the weak development seen in the first six months of the year.This would mark the third consecutive year of downward product

2、ion,after a contraction of 0.2 percent and 1.2 percent in the two preceding years.Industry in the European Union is also stuck in recession.Here too,we expect output to drop by three percent this year overall.Key industries such as vehicle production,the electro industry and machinery manufacturing

3、are seeing decreases in output of over seven percent in each case.Positive exceptions to the general downtrend are other transport equipment and chemicals.On a global level,growth has also lost steam.We now only expect global output to grow by 1.5 percent,rather than our previous estimate of 2.5 per

4、cent,with industrialised countries expected to contribute a slim minus.In 2024 overall,German goods exports are in for a drop of 0.5 percent overall,based on our calculations.Imports are also expected to be weak.The upcoming months are unlikely to bring an improvement.The export prospects of industr

5、y have continued to deteriorate.We expect the global trade in goods to increase by two percent in 2024 much lower than the three to 3.5 percent growth anticipated at the start of the year.While the export of goods from emerging countries is expected to expand by a good five percent,exports from adva

6、nced countries are steering towards stagnation.December 2024 Industry Report|Industrial production and trade in the individual industries 2/12/2024 2 Content Industrial production only gradually picking up pace.3 Advanced economies.3 Emerging countries.4 United States.5 China.6 Japan.7 South Korea.8