In May, industrial output jumped a seasonally and working-day adjusted 1.2% over the previous month, which more than compensated for the 0.8% contraction registered in April (initially reported: -0.6% month-on-month) and exceeded market expectations of a 0.8% increase. On a year-on-year comparison, industrial production rose 7.6% in May, slower than the 9.3% increase registered in April. The monthly improvement was primarily the result of a rebound in manufacturing and energy supply, and particularly in construction, which reversed a contraction in the previous month. Only mining and quarrying continue to be mired in the red. Despite the monthly expansion, the trend suggests that after continuous growth since December 2010, the industrial sector has passed its growth peak in March, with average growth in industrial output falling from 11.5% in April to 11.0% in May. Moreover, the Bundesbank anticipates the economy will grow 3.1% this year. For 2012, the Bank expects the economy to expand 1.8%.
Industrial output rebounds
July 7, 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.