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German economy grew by better-than-expected 0 3% in fourth-quarter
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Strong exports, construction boost German economy in fourth quarter
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Germany economy news: Trouble for Angela Merkel as industrial production SLUMPS | World | News
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Germany economy crisis: Trouble for Angela Merkel as industrial production SLUMPS Simon Osborne
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The car industry and clothing manufacturers were among the hardest hit as production increased in just one sector of the economy during the coronavirus pandemic. Federal Statistical Office data revealed the German automotive industry saw production fall by a quarter from 2019. Measured in terms of sales, the automotive industry is Germany s most important sector, employing 809,000 people across almost 1,000 companies and generating annual revenues of around £328bn.
The statistics show clothing manufacturing companies were also badly affected as they produced a fifth less in 2020 than the previous year.
Germany keeps lockdown in place even as the government receives intense criticism from business organizations
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