In April, industrial production fell a seasonally and working-day adjusted 0.6% over the previous month, which contrasted the revised 1.2% increase observed in March (previously reported: +0.7% month-on-month). The April result, which marked the first drop after three consecutive months of increasing industrial production, defied analysts' expectations that industrial output would moderate 0.2%. On a yearly basis, industrial production grew 9.6% in April, below the 11.7% increase tallied in March. The monthly contraction was primarily the result of a sharp fall in construction, which more than offset the 5.5% gain witnessed in March. In addition, manufacturing fell 0.6% over the previous month, contrasting the 1.1% increase observed in March. As a result of the monthly fall, the trend suggests that after continuous growth since December 2010, the industrial sector has passed its growth peak, with average growth in industrial output inching down from 11.8% in March to 11.5% in April. Moreover, the Bundesbank has revised its GDP growth forecast and now anticipates the economy will grow 3.1% this year, up from its previous 2.5% estimate. For 2010, the Bank expects the economy to expand 1.8% (previously: 1.5%).
Industrial output contracts breaking positive trend
June 8, 2011
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Germany Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 52.8 in September to 55.1 in October.
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.