In August, industrial production contracted 0.5% over the previous month in seasonally adjusted terms. The print contrasted the revised 1.2% expansion seen in July (previously reported: +1.3% moth-on-month) and was broadly in line with market expectations of a 0.6% decline. Negative growth in manufacturing output as well as in construction were the main drivers behind the monthly contraction. In annual terms, industrial production declined a working-day adjusted 1.4% in August, slightly faster than the 1.3% contraction recorded in July. As a result, the trend continues to point downwards, with annual average growth in manufacturing production falling from 2.0% in July to 1.2% in August, the slowest pace since June 2010.
Industrial output drops in August
October 8, 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.