Germany Industry April 2017

Germany

Germany: Industrial output expands in April

June 8, 2017

Industrial production grew 0.8% in April, contrasting March’s 0.1% contraction. The reading overshot market expectations of a weaker 0.5% expansion. April’s print was driven by the mining and energy sectors swinging back to expansion and by an acceleration in the manufacturing sector, which together offset a marginal decline in the construction sector.

Compared to the same month of the previous year, growth in industrial production was 2.9% in April, up from the 2.2% expansion registered in March. In April, annual average growth in industrial production was 1.2%, up from March’s 1.0%.

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 April 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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