Germany Industry November 2016

Germany

Germany: Industrial output drops in November

January 11, 2017

Industrial production in November inched down from October’s revised 0.5% expansion (previously reported: +0.3% month-on-month) to 0.4%. The reading vastly undershot market expectations of a stronger 0.7% increase. November’s print reflects an expansion in three of the four components of the index, which more than offset a contraction in electricity and energy supply.

Compared to the same month last year, industrial production increased 2.2% in November, which came in above October’s revised 1.6% expansion (previously reported: +1.2% year-on-year). Annual average growth in industrial production came in at 1.0% in November, up from 0.8% in October.

Forecasters polled by FocusEconomics expect industrial production to expand 1.2% in 2017, which is unchanged from last month’s forecast. For 2018, the panel sees industrial production increasing 1.3%.


Author:, Economist

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Germany Industry November 2016

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


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