Germany Industry March 2017

Germany

Germany: Industrial output contracts in March

May 9, 2017

Industrial production contracted 0.5% in March, contrasting February’s 1.8% growth. The reading overshot market expectations of a steeper 0.6% contraction. March’s print was driven by a contraction in the manufacturing, mining and quarrying, and electricity and energy supply sectors, while growth in the construction sector slowed down sharply.

Compared to the same month of the previous year, growth in industrial production was 1.9% in March, down from the 2.0% expansion registered in February. In March, annual average growth in industrial production was 1.0%, up from February’s 0.9%.

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 March 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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