Germany Industry


Germany: Industrial production contracts in March

May 8, 2015

In March, industrial production contracted a seasonally-adjusted 0.5% over the previous month, coming in below February’s flat reading and marking the steepest decline in seven months. The reading contrasted market expectations of a 0.4% increase. March’s print mainly reflected contractions in manufacturing as well as in mining and quarrying that more than offset expansions in construction, electricity and energy supply.

Compared to the same month last year, industrial production rose a timid 0.1% in March, which followed February’s 0.2% increase. The overall trend continued to deteriorate as annual average growth in industrial production edged down from February’s 0.8% to a 15-month low of 0.6% in March.

Forecasters polled by FocusEconomics expect that industrial production will expand 2.0% in 2015, which is unchanged from last month’s forecast. For 2016, the panel sees industrial production increasing 2.4%.

Author: Teresa Kersting, Economist

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Germany Industry Chart

Germany Industry March 2015

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

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