Germany Industry December 2016

Germany

Germany: Industrial output plummets in December

January 7, 2017

Industrial production swung from a seasonally-adjusted 0.5% expansion in November to a 3.0% contraction in December. The reading vastly contrasted market expectations of a small 0.3% increase. December’s print was driven by a contraction in three of the four components of the index, including a 3.3% contraction in manufacturing, which more than offset an expansion in mining and quarrying.

Compared to the same month of the previous year, industrial production fell 0.7% in December, which came in below November’s 2.3% expansion. In December, annual average growth in industrial production was stable at November’s 1.0%.

Forecasters polled by FocusEconomics expect industrial production to expand 1.2% 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 December 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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