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.

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Germany Industrial Production MoM

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 -0.30 9.40 -18.20 1991 - 2021 percent Monthly
2015=100, SWDA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-09 06:00 AM Feb -1.6% -2% 1.5% 1.9%
2021-05-07 06:00 AM Mar 2.5% -1.9% 2.3% 1.7%
2021-06-08 06:00 AM Apr -1% 2.2% 0.5% 0.9%
2021-07-07 06:00 AM May -0.3% -0.3% 0.5% 0.7%
2021-08-06 06:00 AM Jun -0.3% 0.5% 0.5%
2021-09-07 06:00 AM Jul
2021-10-07 06:00 AM Aug
2021-11-05 07:00 AM Sep


News Stream
German Industrial Output Unexpectedly Falls
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.
2021-07-07
Germany Industrial Output Unexpectedly Falls
Industrial production in Germany unexpectedly dropped 1% month-over-month in April of 2021, compared to market forecasts of a 0.5% rise, amid semiconductor shortages and other supply chain disruptions that were exacerbated by the blockage of the Suez Canal in early April. Production decreased for consumer goods (-3.3%), intermediate (-0.2%), capital goods (-0.1%) and construction (-4.3%) but increased for energy (6%). Year-on-year, industrial output surged 26.4% due to low base effects from 2020 when the coronavirus pandemic hit the economy hard. Compared to February 2020, industrial output was down 5.6%.
2021-06-08
German Industrial Output Rises More than Forecast
Germany's industrial production rose by 2.5 percent from a month earlier in March 2021, following two months of near 2 percent declines and beating market expectations of a 2.3 percent growth. It was the largest output increase since last October, boosted by the production of intermediate (1.2 percent) and consumer goods (2.9 percent), as well as energy output (2.4 percent) and construction activity (10.8 percent). On the other hand, the production of capital goods decreased by 0.4 percent. Compared with February 2020, the month before restrictions were imposed due to the coronavirus outbreak, production was 4.3 percent lower.
2021-05-07
Germany Industrial Output Unexpectedly Falls
Industrial production in Germany unexpectedly contracted by 1.6 percent month-over-month in February of 2021, following a downwardly revised 2 percent drop in the previous month and compared to market forecasts of a 1.5 percent increase. The country remained under a nationwide coronavirus lockdown in February. Output fell for capital (-3.2 percent) and intermediate (-1 percent) goods while consumer goods edged up 0.2 percent. Also, energy (-1 percent) and construction (-1.3 percent) were lower. Compared with February 2020, which was the month before restrictions were imposed due to the coronavirus pandemic, industrial production decreased by 6.4 percent. “The improvement in business confidence and positive trend in orders signal a positive outlook in industry. Nevertheless, the future course of the pandemic poses uncertainties”, the German economy minister said.
2021-04-09

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.