Germany Industrial production August 2020

Germany

Germany: Industrial output falls in August

October 7, 2020

Industrial output fell 0.2% on a calendar-adjusted month-on-month basis in August (July: +1.4% mom). The contraction was chiefly due to a drop in consumer and capital goods production, as well as a drop in activity in the construction sector.

On an annual basis, industrial output fell at a more moderate pace of 9.6% in August (July: -10.0% yoy), the best result since February.

Industrial output fell 0.2% on a calendar-adjusted month-on-month basis in August (July: +1.4% mom). The contraction was chiefly due to a drop in consumer and capital goods production, as well as a drop in activity in the construction sector.

On an annual basis, industrial output fell at a more moderate pace of 9.6% in August (July: -10.0% yoy), the best result since February.

Panelists polled by FocusEconomics expect industrial production to drop 9.1%. For 2021, the panel sees industrial production expanding 6.2%.


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Germany Industry August 20 20

Note: Month-on-month changes of seasonally adjusted industrial production and annual growth rate in %.
Source: Federal Statistics Office (Destatis).


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