German industrial production rose unexpectedly by 0.5 percent month-over-month in March 2019, beating market expectations of a 0.5 percent fall and following a downwardly revised 0.4 percent gain in previous month. Output of consumer goods (1.1 percent) and that of construction (1.0 percent) grew the most. Also, there were rises in the production of capital goods (0.6 percent), intermediate goods (0.4 percent), and energy (0.3 percent). Year-on-year, industrial production declined by 0.9 percent in March, reversing from an upwardly revised 0.2 percent gain in February. Industrial Production Mom in Germany averaged 0.09 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.
Industrial Production Mom in Germany is expected to be 0.50 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 -0.40 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.