Brandenburg Gate in Berlin, Germany

Germany Industrial production October 2023

Germany: Decline in industrial activity softens in October

Industrial output decreased 0.4% in month-on-month terms in October, which was a less pronounced contraction than September’s 1.3% decrease. October’s softer drop was largely due to a softer fall in manufacturing production. In contrast, mining and quarrying output decelerated. Lastly, construction sector production dropped at a sharper rate, while energy production gained momentum.

On an annual basis, industrial production fell at a more moderate rate of 3.5% in October (September: -3.6% yoy). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 1.2%, down from September’s minus 0.9% reading.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest