Industrial production in Germany went up 0.3% month-over-month in April 2023, recovering from a downwardly revised 2.1% drop in March but less than market forecasts of a 0.6% rise. The growth was driven by the rebound in construction (2% vs -2.9% in March) and the increases in manufacturing of basic pharmaceutical products & pharmaceutical preparations (6.4%) and consumer goods (1.5%). However, it was partially offset by the decrease in production of motor vehicles and parts (-0.8%), engineering (-0.5%), capital goods (-0.3%), intermediate goods (-0.2%), and energy (-1.5%). Excluding energy and construction, industrial output rose 0.1%. On an annual basis, industrial production added 1.6%, slowing from a 2.3% jump in March. source: Federal Statistical Office
Industrial Production Mom in Germany averaged 0.07 percent from 1991 until 2023, reaching an all time high of 9.80 percent in June of 2020 and a record low of -18.30 percent in April of 2020. This page provides the latest reported value for - Germany Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
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. In the long-term, the Germany Industrial Production MoM is projected to trend around 0.40 percent in 2024 and 0.50 percent in 2025, according to our econometric models.