Germany Industry May 2017

Germany

Germany: Industrial output accelerates in May

July 7, 2017

Industrial production grew 1.2% in May, up from April’s 0.7% expansion. The reading vastly overshot market expectations of a weaker 0.3% expansion. May’s print was driven by an acceleration in the manufacturing and mining sectors accelerating, which together offset a contraction in the construction sector.

Compared to the same month of the previous year, growth in industrial production was 5.0% in May, up from the 2.8% expansion registered in April. In May, annual average growth in industrial production was 1.6%, up from April’s 1.1%.

Forecasters polled by FocusEconomics expect industrial production to expand 1.7% in 2017, which is up 0.1 percentage points from last month’s forecast. For 2018, the panel sees industrial production increasing 1.4%.


Author:, Economist

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Germany Industry Chart


Germany Industry May 2017

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


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