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https://www.wsj.com/articles/europes-industrial-sector-puts-brakes-on-economic-recovery-c844f7d

Europe’s Industrial Sector Puts Brakes on Economic Recovery

Headwinds in the manufacturing sector could put a lid on any economic rebound in Europe, HSBC economist Christian Fuertjes writes in a note. Germany’s ZEW survey and the Banque de France’s latest releases reflect the bleak outlook for the sector, after industrial production plunged in March, led by Italy and Germany, he writes. It appears the supportive effect from easing supply-chain disruptions has already faded, Fuertjes adds, and he forecasts industrial output to stagnate in Germany until the end of 2024. It is a dark spot as the European economy has otherwise shown resilience to headwinds, with the eurozone’s top...

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