In May, industrial production expanded a seasonally adjusted 1.6% over the previous month, which contrasted the revised 2.1% contraction observed in April (previously reported: -2.2% month-on-month). The expansion exceeded market expectations of a 0.2% increase and mainly reflected an increase in the manufacturing sector and strong growth in construction. On a year-on-year basis, growth in industrial output - adjusted for working days - remained flat, which was up from the 0.6% decline observed in April. The trend continues to point down, with annual average growth in industrial output dropping from 4.2% in April to 3.6% in May. Meanwhile, the Bundesbank revised its growth forecasts and now expects the economy to expand 1.0% this year, up from its previous 0.6% estimate. For 2013, the Bank sees economic growth picking up to 1.6%, which is down from its previous 1.8% projection.
Industrial production expands more than expected
July 6, 2012
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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.