Germany's industrial production increased by 0.3 percent month-over-month in May 2019, reversing an upwardly revised 2 percent fall in April and missing market expectations of a 0.4 percent growth. The slight rebound was mainly supported by gains in production of capital (2 percent) and consumer goods (1.1 percent). By contrast, output fell for intermediate goods (-0.5 percent), energy (-2.2 percent), and construction (-2.4 percent). Year-on-year, industrial production shrank 3.7 percent in May, following a 2.3 percent contraction in April. Industrial Production Mom in Germany averaged 0.08 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 -0.60 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.