In March, industrial production expanded 2.8% over the previous month in seasonally adjusted terms. The figure contrasted the revised 0.3% contraction observed in February (previously reported: -1.3% month-on-month) and more than tripled marked expectations, which had expected industrial output adding only 0.8%. The stronger-than-expected increase was broad-based, with positive developments in all the major sub-categories of the index. In fact, only energy supply recorded a contraction over the previous month. In annual working-day adjusted terms, industrial production accelerated from a revised flat figure in February (previously reported: -1.0% year-on-year) to a 1.6% expansion in March, the fastest growth rate since November 2011. Despite the March acceleration, the trend continues to point downwards, with annual average growth falling from 5.9% in February to 5.0% in March.
Industrial production expands more than expected
May 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.