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.

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Germany Industrial Production MoM

Actual Previous Highest Lowest Dates Unit Frequency
1.10 -1.00 4.00 -6.90 1991 - 2019 percent Monthly
2015=100, SWDA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-08 06:00 AM Aug 0.3% -0.4% -0.1% -0.2%
2019-11-07 07:00 AM Sep -0.6% 0.4% -0.4% -0.4%
2019-12-06 07:00 AM Oct -1.7% -0.6% 0.1% 0.3%
2020-01-09 07:00 AM Nov 1.1% -1.0% 0.7% 1%
2020-02-07 07:00 AM Dec 1.1% 0.7%


News Stream
2019-12-06
German Industrial Output Falls Unexpectedly
Germany's industrial production unexpectedly dropped by 1.7 percent month-over-month in October 2019, missing market expectations of a 0.1 percent growth and following a 0.6 percent fall in the previous month. This marked the steepest decrease in industrial output since April, as production fell for capital goods (-4.4 percent), and construction (-2.8 percent). In contrast, production rose for energy (2.3 percent), intermediate goods (1 percent) and consumer goods (0.3 percent). Year-on-year, industrial output shrank 5.3 percent in October, after a revised 4.5 percent contraction in September.

2019-11-07
German Industrial Output Falls More than Forecast
Germany's industrial production dropped by 0.6 percent month-over-month in September 2019, following an upwardly revised 0.4 percent growth in the previous month and compared to market consensus of a 0.4 percent fall. Capital goods output led the decline (-1.5 percent), followed by intermediate goods (-1.3 percent) and consumer goods (-0.5 percent). In contrast, energy production was up by 2 percent and construction output increased 1.8 percent. Year-on-year, industrial output shrank 4.3 percent in September, after a revised 3.9 percent contraction in August.

2019-10-08
German Industrial Output Rebounds Unexpectedly
Germany's industrial production increased by 0.3 percent month-over-month in August 2019, easily beating market consensus of a 0.1 percent fall and following a revised 0.4 percent drop in July. This marked the first monthly rise in industrial output since May, with output rising for both capital (1.1 percent) and intermediate goods (1 percent). Meantime, production fell for consumer goods (-1 percent), energy (-1.7 percent) and construction (-1.5 percent). Year-on-year, industrial output shrank 4 percent in August.

2019-09-06
German Industrial Output Unexpectedly Falls in July
Germany's industrial production declined by 0.6 percent month-over-month in July 2019, missing market expectations of a 0.3 percent gain and following a downwardly revised 1.1 percent drop in the previous month. Output of both capital (-1.2 percent) and intermediate goods (-0.7 percent) fell while energy production contracted 1.3 percent. On the other hand, production of consumer goods rose by 0.6 percent, and construction output grew 0.2 percent. Year-on-year, industrial production decreased 4.2 percent in July, after a downwardly revised 4.7 percent fall in June.

2019-08-07
German Industrial Output Falls More than Forecast
Germany's industrial production dropped by 1.5 percent month-over-month in June 2019, much worse than market expectations of a 0.4 percent decline and compared to a downwardly revised 0.1 percent growth in the previous month. There were falls in the output of intermediate (-2 percent), capital (-1.8 percent) and consumer goods (-1.4 percent). Also, energy production shrank 1.6 percent; while construction output grew by 0.3 percent. Year-on-year, industrial production slumped 5.2 percent in June, the most since November 2009.

2019-07-08
German Industrial Output Rises Less than Forecast
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.


Germany Industrial Production MoM
In Germany, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 79 percent of total production. The biggest segments within Manufacturing are: machinery and equipment (12 percent of total production); motor vehicles, trailers and semi-trailers (12 percent); basic metals and fabricated metal products (10 percent); and computers, electronic and optical products and electrical equipment (10 percent). Construction accounts for 11 percent of total output; and energy production accounts for 10 percent.

Germany Business Last Previous Highest Lowest Unit
Business Confidence 96.30 95.10 109.80 80.10 points [+]
Services PMI 52.90 51.70 60.30 41.30 points [+]
Manufacturing PMI 43.70 44.10 63.30 32.00 points [+]
Composite Pmi 50.20 49.40 59.00 48.50 points [+]
Industrial Production -2.60 -4.60 15.30 -21.80 percent [+]
Industrial Production Mom 1.10 -1.00 4.00 -6.90 percent [+]
Manufacturing Production -4.00 -5.90 15.50 -24.10 percent [+]
Capacity Utilization 82.60 83.90 88.80 70.30 percent [+]
New Orders 100.30 101.50 113.00 8.80 points [+]
Factory Orders -1.30 0.20 27.10 -15.70 percent [+]
Changes in Inventories -7.73 2.64 11.20 -8.53 EUR Billion [+]
Bankruptcies 1592.00 1507.00 3755.00 416.00 Companies [+]
Corporate Profits 174.78 177.41 188.02 92.45 EUR Billion [+]
Zew Economic Sentiment Index 10.70 -2.10 89.60 -63.90 [+]
Car Production 276400.00 423400.00 583399.00 265542.00 Units [+]
Car Registrations 283380.00 299127.00 552865.00 43460.00 [+]
Internet Speed 15298.72 14588.37 15298.72 3207.62 KBps [+]
IP Addresses 38794861.00 38344874.00 38794861.00 18134106.00 IP [+]
Mining Production -6.80 -7.30 46.60 -30.40 percent [+]
Steel Production 3215.00 3322.93 4744.00 907.00 Thousand Tonnes [+]
Competitiveness Index 81.80 82.84 82.84 5.37 Points [+]
Competitiveness Rank 7.00 3.00 7.00 3.00 [+]
Corruption Index 80.00 81.00 82.70 73.00 Points [+]
Corruption Rank 11.00 12.00 20.00 10.00 [+]
Ease of Doing Business 22.00 24.00 27.00 14.00 [+]