In January, industrial production increased 0.8% over the previous month in seasonally-adjusted terms, which marked a third consecutive month of expansion. The reading was up from the revised 0.1% increase recorded in December (previously reported: -0.7% month-on-month) and was in line with market expectations. January's increase was driven by higher manufacturing production, a notable improvement in mining and quarrying, and an expansion in construction. Compared to the same month last year, growth in industrial production accelerated from a revised 3.4% increase in December (previously reported: +2.6% year-on-year) to a 5.0% expansion in January. Annual average growth in industrial production improved from a flat reading in December to 0.7% in January. Forecasters polled by FocusEconomics expect that industrial production will expand 2.8% in 2014, which is up 0.3 percentage points from last month's forecast. For 2015, the panel sees industrial production continue growing by 2.8%.
Industrial output expands for third consecutive month
March 7, 2014
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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.