In February, industrial production increased 0.4% over the previous month in seasonally-adjusted terms. The reading was down from the 0.7% expansion registered in January but slightly overshot the 0.3% expansion the market had expected. February's increase was mainly driven by an improvement in manufacturing production. Compared to the same month last year, industrial production increased 4.8% in February, which virtually matched the 4.9% expansion recorded in January and market expectations of a 4.7% increase. Annual average growth in industrial production climbed from 0.7% in January to 1.2% in February, which marked the highest level since August 2012. Forecasters polled by FocusEconomics expect that industrial production will expand 3.0% in 2014, which is up 0.3 percentage points from last month's forecast. For 2015, the panel sees industrial production growing 2.8%.
Industrial production increases for fourth consecutive month
April 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 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.