Brandenburg Gate in Berlin, Germany

Germany Industrial production June 2021

Germany: Industrial output falls in June

Industrial production fell 1.3% month-on-month in June, following May’s 0.8% contraction. The print reflected declining output of capital and intermediate goods as well as a contraction in energy production and construction activity. This more than offset a pick up in consumer goods output.

On an annual basis, industrial production rose 5.1% in June (May: +16.6% yoy). The print continued to benefit from a favorable base effect, however. Annual average industrial production swung from a 0.2% contraction in May to a 1.1% expansion in June.

June marked the third consecutive month in which industrial production contracted on a sequential basis. Commenting on the outlook for the German industrial sector, Carsten Brzeski, global head of macro at ING, added:

“Supply chain frictions still seem to be clogging industrial activity. Once the supply chain frictions start to dissipate (…) industrial production growth will flood out.”

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