German industry sheds almost 250,000 jobs in worsening downturn

Germany's industrial sector is facing a significant downturn, with nearly 250,000 jobs lost since 2019, as reported by an EY study. In the second quarter of 2025, industrial firms generated more than 533 billion euros, reflecting a decline of 2.1% compared to the previous year. This follows a smaller decline of 0.2% in the first quarter of the same year. The ongoing drop in revenue highlights the challenges facing the industry.