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Positive economic data: Germany's industry on the upswing!
Positive developments in the German economy in the first quarter of 2025: increase in industrial production, orders and exports.
Positive economic data: Germany's industry on the upswing!
In the first quarter of 2025, the leading indicators of the German economy show positive developments that are leading to increasing production figures in various sectors. Loud Focus Industrial production rose by 3.6% in March compared to the previous month. Across the entire first quarter, there is growth of 1.4% compared to the fourth quarter of 2024.
The growth in the pharmaceutical industry was particularly noticeable at +19.6%, followed by the automotive industry, which grew by 8.1%, and mechanical engineering at +4.4%. The production of consumer and capital goods also increased by 4.9% in March. The construction industry increased its production by 2.1% and energy-intensive industries recorded an increase of 1.5%.
Incoming orders and exports
New orders in the manufacturing sector rose by 3.6% from February to March, which represents an increase of 3.2% without large orders. There was an increase of 2.3% quarter-on-quarter. The pharmaceutical industry is leading here with +17.3%, followed by electronic equipment (+14.5%) and other vehicle construction (+13.0%). March export figures reached 133.2 billion euros, an increase of 1.1% compared to February and 2.3% year-on-year.
In addition, the trade balance improved to 21.1 billion euros, mainly supported by a 3.8% increase in exports to the eurozone. In contrast, there was a slight decline of 1.1% in exports to countries outside the EU.
Economic outlook and challenges
Stagnation is expected for 2025, with positive signals from the pharmaceutical and automotive industries, but the general mood remains cautious. The automotive industry saw a 40% increase in registrations of battery-powered cars in the first quarter, driven by pull-forward effects from infrastructure investments and US tariffs. The new federal government plans to support investments in infrastructure and defense through a special fund, which, combined with possible planning security for companies, could boost investments in electric cars and other industries.
In summary, although the German economy is showing signs of recovery, it remains faced with challenges. As the Bundesbank reports, the economic and price statistics provided are crucial for their analysis and the holistic assessment of the economic situation, including important indicators such as production, capacity utilization and incoming orders.