Germany Industrial production September 2022


Germany: Industrial production rebounds in September

November 7, 2022

On a seasonally-adjusted monthly basis, industrial production increased 0.6% in September (August: -1.2% mom). Output of consumer goods and energy production rose, driving the headline result. On the other hand, production of intermediate goods and in construction contracted.

Industrial output grew 2.6% year on year in working-day adjusted terms in September (August: 1.6% yoy). Meanwhile, the trend pointed down, with annual average industrial production contracting 0.7% in September (August: -1.0%).

Panelists polled by FocusEconomics expect industrial production to contract 0.3% in 2023. For 2024, the panel sees industrial production expanding 2.0%.

Author:, Economist

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Germany Industrial production Chart

Germany Industry September 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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