Core Insights - In August 2025, industrial production in the Eurozone and the EU experienced a year-on-year decline of 1.2% [1] - The largest decrease was observed in capital goods production, with a drop of 2.2% in the Eurozone and 1.6% in the EU [1] - Only the non-durable consumer goods sector in the Eurozone showed growth in August, but the increase was minimal at 0.1% compared to July [1] Croatia's Industrial Performance - Croatia's industrial production saw a slight month-on-month increase of 0.1% and a year-on-year growth of 3.0% [2]

Core Points - Germany's industrial output decreased by 4.3% month-on-month in August, primarily due to a significant decline in the automotive sector [1] - The automotive industry, being the largest industrial sector in Germany, saw a sharp decline of 18.5% in output [1] - Excluding the automotive sector, industrial output fell by 5.6% [1] Industrial Performance - The construction sector experienced a month-on-month increase of 0.6% in output [1] - The energy sector's output decreased by 0.5% [1] - Overall, industrial output year-on-year declined by 3.9% after seasonal and working day adjustments [1] New Orders - Industrial new orders fell by 0.8% month-on-month in August, marking the fourth consecutive month of decline [1] - Foreign new orders saw a more significant decline of 4.1% [1] Economic Outlook - The German Federal Ministry for Economic Affairs and Energy indicated that if the automotive sector's impact is excluded, the decline in industrial output would be approximately halved [1] - The ministry also noted that geopolitical uncertainties and weak overseas demand are expected to continue exerting pressure on Germany's industrial output in the coming months [1] - The overall economic outlook for Germany in the third quarter of this year remains weak [1]

Core Insights - Germany's industrial output decreased by 1.9% month-on-month and 3.6% year-on-year in June 2025, reaching its lowest level since May 2020 [1] - The pharmaceutical sector significantly contributed to this decline, with an 11% month-on-month drop in output [1] - Other sectors such as machinery manufacturing and food production also performed poorly, with decreases of 5.3% and 6.3% respectively [1] - In contrast, the construction sector saw a month-on-month increase of 0.7%, and the energy sector grew by 3.1% [1] Industry Performance - The second quarter of 2025 recorded a 1.0% month-on-month decline in industrial output, attributed partly to a "pre-order effect" from businesses responding to earlier U.S. tariff announcements [1] - The negative impact of U.S. tariffs is expected to continue affecting the German industrial economy, hindering prospects for sustained recovery in the third quarter [1] - Additionally, June 2025 saw a month-on-month decline in new industrial orders in Germany, indicating ongoing challenges in the sector [1] - The German Federal Bank has warned that the high tariffs imposed by the U.S. will exert significant pressure on the German economy [1]

Group 1 - France's trade balance recorded a deficit of €7.968 billion in April, marking the largest deficit since September 2024 [1] - The industrial output in France for April showed a month-on-month decline of 1.4%, representing the largest decrease since May 2024 [1]