German industry is producing more again

Experts' conclusions on the data were mixed. Analyst Ralph Solveen of Commerzbank emphasized that production in April and May was slightly above the first-quarter average. This fuels hopes that industry has turned the corner. While Solveen predicts that a significant increase in gross domestic product is unlikely for the second quarter, it is likely to continue rising in the following quarters, partly because significant stimulus from fiscal policy is expected next year at the latest.

All in all, the data have increased the likelihood that German industry will experience more than just an upswing due to anticipatory effects in connection with announced US tariffs, said Carsten Brzeski , chief economist at ING Bank, and continued: "It is still too early to give the all-clear, but there are increasing signs of at least an economic recovery, albeit from a low level."