Germany’s GDP Data might have been Distorted by Questionable Data

Per Bloomberg, Germany’s GDP data for 2018 might have been distorted by some questionable data provided by the pharmaceutical manufacturing industry.

As shown in the figure above, there was a sharp rise and fall in drugmaker production even as the industry’s orders and sales moved at more stable rates. The German statistics office is investigating if there are certain mistakes in the data.

The German statistics office said the questionable data might be influenced by data from “some” companies in the pharmaceutical industry that have a “high” market share.