Germany Industrial production June 2022

Germany

Germany: Industrial production rebounds in June

August 5, 2022

On a seasonally-adjusted monthly basis, industrial production rose 0.4% in June (May: -0.1% mom). The rebound reflecteda recovery in intermediate and consumer goods production. On the other hand, output of capital goods moderated, while activity in the construction contracted.

Industrial output fell 0.5% year on year in working-day adjusted terms in June (May: -1.7% yoy). Meanwhile, the trend pointed down, with annual average industrial production contracting 0.3% in June (May: +0.3%).

Panelists polled by FocusEconomics expect industrial production to contract 0.2% in 2022. For 2023, the panel sees industrial production expanding 2.1%.


Author:, Economist

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Germany Industry June 2022

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


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