In January, the German economy continued its descent, marking the seventh consecutive month in recession territory. According to the latest data from S&P Global, the composite index for private sector production, encompassing both industry and services, dropped from 47.4 to 47.1 points. A value below 50 indicates economic contraction, emphasizing the persistent challenges.

This downturn is underscored by the Manufacturing Purchasing Managers' Index, which rose to 45.4 from the previous month's 43.3 points, surpassing economists' expectations of 43.8.