In September, industrial output decreased a seasonally adjusted 1.8% over the previous month. The reading came in well below both the revised 0.4% contraction recorded in August (previously reported: -0.5% moth-on-month) and market expectations of a 0.7% decline. A significant deterioration in manufacturing output, which dropped 2.3% (August: -0.2% mom), offset an improvement in construction as well as in mining and quarrying. In annual terms, industrial production decreased a working-day adjusted 1.2%, which nevertheless represents a modest improvement over the 1.3% contraction seen in August. That said, the trend continues to point downward, with annual average growth in industrial production falling from 1.2% in August to 0.6% in September.
Industrial output drops markedly in September
November 6, 2012
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Germany Industry Chart
Note: Month-on-month changes of seasonally adjusted industrial production and annual growth rate in %.
Source: Federal Statistics Office and FocusEconomics calculations.
Germany Economic News
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.
September 26, 2016
German businesses turned much more optimistic in September.