A line graph shows the decline in an index of German industrial production from the start of 2021 through July 2024. It also shows the declines in indexes of energy-intensive and China-exposed industrial sectors. The overall industrial production index briefly rises above 100 three times but generally trends down, ending the period a little above 90. The sector indexes are more volatile. The index of China-exposed sectors declined and recovered several times and spent about a year between mid-2022 and mid-2023 above 100, only to fall to about 90 in July 2024. The index of energy-intensive sectors spent roughly a year—from early 2021 until early 2022—above 100 but then dropped to a trough in the low 80s in late 2023. It rebounded to near 90 in July 2024. The graph also shows the weights of the sectors in the overall industrial production index: China-exposed sectors account for 43%, and energy-intensive sectors account for 21%.