Affected by the conflict between the US and Iran, Germany's industrial output in March decreased by 0.7% compared to the previous month.
Data released by the Federal Statistical Office of Germany on the 8th showed that, due to the impact of the war between the US and Iran, Germany's industrial output in March fell by 0.7% compared to the previous month. Following a 0.5% decrease in February, the decline further expanded. The Federal Statistical Office of Germany pointed out that the blockade of the Strait of Hormuz leading to disrupted energy transport was the main reason for the decrease in industrial output in March. It is reported that the German industrial sector was originally expected to recover by 2026, but unexpectedly experienced a decline in industrial output in March. As the conflict continues to cause an increase in oil and natural gas prices, the situation facing the German industry will become more severe. It was revealed that the longer the Strait of Hormuz remains closed, the greater the damage to the entire German economy.
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