Germany's industrial production rose by 1.1 percent month-over-month in November 2019, beating market expectations of a 0.7 percent growth and following a revised 1 percent fall in the previous month. This marked the steepest increase in industrial output since May 2018, boosted by production of capital goods (2.4 percent), consumer goods (0.5 percent) and construction (2.6 percent). In contrast, production fell for both energy (-0.8 percent) and intermediate goods (-0.5 percent). Year-on-year, industrial output shrank 2.6 percent in November, after a revised 4.6 percent contraction in October. Industrial Production Mom in Germany averaged 0.07 percent from 1991 until 2019, reaching an all time high of 4 percent in August of 1993 and a record low of -6.90 percent in January of 2009. source: Federal Statistical Office
Industrial Production Mom in Germany is expected to be -0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in Germany to stand at 0.60 in 12 months time. In the long-term, the Germany Industrial Production MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.