In June, industrial output declined a seasonally adjusted 0.9% over the previous month. The reading contrasted the 1.7% expansion registered in May but was virtually in line with market expectations of a 0.8% decline. Deterioration in manufacturing output and construction activity were the main drivers behind the June contraction. Compared to the same month last year, industrial production - adjusted for working days - declined 0.3% in June, which followed a drop of the same magnitude in May. As a result, the trend remains on a downward trajectory, with annual average growth falling from 3.5% in May to 2.9% in June, the slowest pace since July 2010. The Bundesbank expects the economy to expand 1.0% this year, before picking up to 1.6% in 2013
Industrial production contracts in June
August 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 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.