The decline in German industrial production in January was largely due to a slump in construction and semi-conductor shortages in the auto sector, both of which should prove temporary. But the poor January number is another reason to think that aggregate Q1 GDP will contract, perhaps quite sharply.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services