Germany Industrial production November 2020

Germany

Germany: Industrial output growth eases in November

January 8, 2021

Industrial production rose 0.9% on a calendar-adjusted month-on-month basis in November, down from October’s 3.4% expansion. The headline figure was driven by softer growth in construction activity as well as weaker intermediate goods and capital goods production. Moreover, energy production fell sharply. On the other hand, the fall in consumer goods production eased.

On an annual basis, industrial output dropped 2.6% in November, slightly better than the 2.7% fall recorded in the prior month.

Panelists polled by FocusEconomics expect industrial production to increase 5.8% in 2021. For 2022, the panel sees industrial production expanding 2.7%.


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Germany Industry November 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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