In December, industrial production contracted 1.5% over the previous month in seasonally and working-day adjusted terms. The fall was larger than the revised 0.6% drop observed in November (previously reported: -0.7% month-on-month) and surprised private sector analysts' expectations on the downside, which had seen industrial output contracting only 0.3%. A year-on-year comparison shows industrial production grew 10.0%, which was slower than the 11.1% expansion observed in November. The December contraction mainly reflected a dramatic drop in the construction sector (-24.1% month-on-month), which was weighed by severe weather conditions. In addition, manufacturing production fell for a second consecutive month, albeit at a slower pace (November: -0.5% mom; December: -0.1% mom). Despite the monthly drop, the trend continues to point to a strong recovery in the industrial sector, with annual average growth in industrial production increasing from 8.8% in November to 10.0% in December, confirming the industrial sector as the decisive growth driver.
Industrial production contracts as cold weather dents construction activity
February 8, 2011
Looking for forecasts related to Industry in Germany? Download a sample report now.
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.