0.9% month-on-month rebound sounds good, but Kenningham pointed out—it's just a pulse from auto production capacity; the medium-term trend of declining manufacturing share hasn't changed. Deutsche Bank friends, don't be fooled by short-term numbers.

CoinWorld news: Capital Economics economist Andrew Kenningham said that after strong retail data last week, industrial data also improved today, suggesting that Germany seems to have withstood the impact of the Iran war. In May, industrial output increased by 0.9% month-over-month; these data together indicate that the German economy may expand in the second quarter. However, Kenningham pointed out that the growth in industrial output was mainly driven by automobile production, and given the challenges facing the industry, this momentum is unlikely to last. He said, “Although German manufacturing does not appear to have been significantly affected by the Iran conflict, this does not change the fact that its share in the economy may gradually decline in the medium term.”