In April, industrial output slipped a seasonally adjusted 2.2% over the previous month, which offset the revised 2.2% increased observed in March (previously reported: +2.8% month-on-month). The fall exceeded market expectations of a 1.0% drop. The reading was broad-based, with all sub-categories, with the exception of energy supply, recording contractions over the previous month. Compared to the same month last year, industrial production contracted a working-day adjusted 0.7% in April, which contrasted the 1.4% expansion observed in March and marked the sharpest drop since December 2009. As a result of the monthly decline, the trend continues to point downwards, with annual average growth in industrial production falling from 5.1% in March to 4.2% in April. The government expects the economy to expand 0.7% this year, before accelerating to 1.6% in 2013. Meanwhile, the Bundesbank revised its growth forecasts and now expects the economy to grow 1.0% this year, up from its previous 0.6% estimate. For 2013, the Bank sees economic growth picking up to 1.6%, which was down from its previous 1.8% projection.
Industrial production contracts more than expected
June 6, 2012
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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.