April 2019 INDUSTRIAL POLICY DOSSIER
Industry Report Industrial production and trade in the individual industries
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We expect manufacturing output in Germany to stagnate in 2019. Weakening global trade, escalating trade disputes and uncertainty surrounding future relations between the United Kingdom and the European Union are all dragging on the export-oriented manufacturing sector.
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Industrial production worldwide increased by 3.1 percent year on year in 2018. Growth was slower above all in the advanced economies. Industrial production here went up by only 2.4 percent. Growth in emerging countries only fell slightly, down to 3.7 percent.
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Exports of German goods are set to grow only slightly in 2019. We expect exported goods and services to increase by 1.5 percent in real terms.
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Global trade increased by 3.3 percent in 2018. This was the second highest growth in the last seven years. The advanced economies increased their exports by 2.4 percent, while emerging countries registered a rise of 3.7 percent.