---
title: European natural gas prices have fallen massively from 2022 levels, so why is German manufacturing doing so badly?
description: "Because - even with all the declines since 2022 - naturalgas prices are over 60% ABOVE their historical averages. That's a huge adverse energy shock hitting Europe.\nSource: Robin Brooks"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [European natural gas prices have fallen massively from 2022 levels, so why is German manufacturing doing so badly?](https://blog.syzgroup.com/syz-the-moment/sgs-under-pressure-on-long-term-swing-support-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1705-a8b51f5d)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jan 25, 2024, 5:08:43 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/sgs-under-pressure-on-long-term-swing-support-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1705-a8b51f5d)

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