Brandenburg Gate in Berlin, Germany

Germany Industrial production February 2021

Germany: Industrial output falls in February

The industrial sector remained in a tough spot midway through the first quarter as output fell 1.6% month-on-month on a calendar-adjusted basis in February, following January’s 2.0% contraction. The print came on the back of falling capital goods and intermediate goods as well as a contraction in energy production and construction activity. On the other hand, consumer goods output rose, albeit marginally, and softened the fall.

On an annual basis, industrial production dived 6.4% in February, down from January’s 4.0% fall.

Carsten Brzeski, global head of macro at ING, commented:

“February industrial data makes it hard to see how the economy could still escape a contraction in the first quarter. […] In fact, it would need an explosion of manufacturing and construction activity in March to prevent the German economy from falling into contraction in the first quarter of the year. Industrial production is currently stable compared with the fourth quarter, but the construction sector alone would contribute to a drop in GDP by more than 0.5%.”

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