In July, industrial production climbed 1.3% over the previous month in seasonally adjusted terms. The reading contrasted the revised 0.4% decline recorded in June (previously reported: -0.9% month-on-month) and surprised the market on the upside, which had seen industrial output remaining flat. Strong growth in manufacturing production as well as in construction were the main drivers behind the monthly jump. Compared to the same month a year ago, industrial production - adjusted for working days - declined 1.4% in July, which contrasted the 0.3% increase recorded in June. As a result, the trend remains on a downward trajectory, with annual average growth falling from 2.9% in June to 2.0% in July, the slowest pace seen in two years. The Bundesbank expects the economy to expand 1.0% this year, before picking up to 1.6% in 2013.
Industrial production rebounds in July
September 7, 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.