Germany's industrial output dropped by 0.3 percent for a second consecutive month in May 2021, missing market expectations of a 0.5 percent growth mostly due to semiconductor delivery problems. The biggest drag was the production of capital goods (-3.4 percent) with car manufacturing slumping 7.2 percent followed by energy (-2.1 percent). By contrast, there were increases in the production of consumer goods (4.1 percent), intermediate goods (0.6 percent), and construction (1.3 percent). On a yearly basis, industrial output grew by 17.3 percent in May, following a record 27.6 percent jump in April, due to the low base effect and as the economy consolidated its recovery from the pandemic hit. Compared with February 2020, the month before restrictions were imposed due to the coronavirus outbreak, production in May 2021 was 5 percent lower. source: Federal Statistical Office
Industrial Production Mom in Germany averaged 0.07 percent from 1991 until 2021, reaching an all time high of 9.40 percent in June of 2020 and a record low of -18.20 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 August of 2021.
Industrial Production Mom in Germany is expected to be -0.80 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 1.00 in 12 months time. In the long-term, the Germany Industrial Production MoM is projected to trend around 0.40 percent in 2022 and 0.50 percent in 2023, according to our econometric models.