Germany Industry June 2017

Germany

Germany: Industrial output contracts in June

August 8, 2017

Industrial production contracted 1.1% in June, contrasting May’s 1.2% expansion. The reading vastly undershot market expectations of a 0.2% expansion. June’s print was driven by contractions in the manufacturing, construction and mining sectors.

Compared to the same month of the previous year, growth in industrial production was 2.4% in June, down from the 4.8% expansion registered in May. In June, annual average growth in industrial production was 1.7%, up from May’s 1.6%.

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 June 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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