AGP Executive Report
Last update: 7 hours agoIndustry: German industrial output rose 0.7% in September, beating forecasts as car production rebounded, while orders climbed 4.4%, driven by automotive demand. But machinery output fell 6.5%, highlighting an uneven recovery. Jobs and costs: Employers warn another 300,000 industrial jobs are at risk. Bosch plans 750 more cuts in Germany, while Schaeffler’s restructuring includes four German plant closures. Aumovio also warns that AI data-centre demand could push up chip prices, with a potential €1 billion earnings hit in 2027. Markets: A global AI-led selloff weighed on European shares and put pressure on German chip and industrial stocks, including Infineon and Siemens Energy. Outlook: Germany’s chambers of commerce raised their 2026 growth forecast to 1%, pointing to a modest recovery.
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