Industry in Germany
Germany - Industry
Industrial output rebounds in May
Industrial production rose 7.8% calendar-adjusted month-on-month basis in May (April: -17.5% mom). The figure marked the best result on record.
The upturn was largely driven by a surge in capital goods production. While consumer goods output also expanded, intermediate goods production decreased slightly. Lastly, the construction sector and energy output gained pace.
On an annual basis, factory output dived 19.3% in May, a less pronounced decrease than April’s 25.0% fall. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 7.2%, down from April's minus 6.0%.
Panelists polled by FocusEconomics expect industrial production to drop 11.3% in 2020, which is down 1.8 percentage points from last month’s forecast. For 2021, the panel sees industrial production expanding 5.5%.
Germany - Industry Data
|Industrial Production (annual variation in %)||0.9||1.8||3.3||0.9||-3.1|
5 years of economic forecasts for more than 30 economic indicators.
Germany Industry Chart
Source: Federal Statistics Office and FocusEconomics calculations
|Bond Yield||-0.19||0.41 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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June 29, 2022
Harmonized consumer prices dropped 0.08% from the previous month in June, contrasting the 1.11% rise recorded in May.
June 28, 2022
The GfK consumer climate index is forecast to drop from minus 26.2 in June to an all-time low of minus 27.4 in July. The expected improvement in sentiment came on backward-looking data for June, which is released simultaneously and underpins the June expectation.
June 24, 2022
Business sentiment dropped to 92.3 in June from 93.0 in May.
June 23, 2022
The S&P Global Flash Germany Purchasing Managers’ Index (PMI) eased to a six-month low of 51.3 in June from 53.7 in May.
June 14, 2022
Harmonized consumer prices rose 1.11% from the previous month in May, picking up from the 0.69% rise recorded in April.