Germany Industry January 2017


Germany: Industrial output recovers in January

March 8, 2017

Industrial production swung from a seasonally-adjusted 2.4% contraction in December to a 2.8% expansion in January. The reading overshot market expectations of a softer 2.5% increase. January’s print was driven by a recovery in manufacturing and an acceleration in mining and quarrying. The contraction in the construction sector softened while the electricity and energy supply sector fell deeper into contractionary territory.

Compared to the same month of the previous year, growth in industrial production was flat in January, which came in marginally above December’s 0.1% contraction. In January, annual average growth in industrial production was 0.8% (December: +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 January 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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