Germany Industry December 2015


Germany: Industrial production deteriorates in December

February 9, 2016

In December, industrial production fell 1.2% over the previous month in seasonally-adjusted terms, marking the largest contraction in 16 months and a setback compared to November’s softer 0.1% decrease. In addition, December’s reading contrasted market expectations of a 0.4% rise. The result reflected falling output in all sectors. While manufacturing shrank at a faster pace than in November, electricity and energy supply, mining and quarrying as well as construction also fell intro contraction.

Compared to the same month of the previous year, industrial production declined 2.2% in December, which contrasted November’s mild 0.1% increase. The overall trend moderated as annual average growth in industrial production decreased from 0.7% in November to 0.5% in December.

Forecasters polled by FocusEconomics expect that industrial production will expand 1.3% in 2016, which is down 0.5 percentage points from last month’s forecast. For 2017, the panel sees industrial production increasing 2.0%.

Author: Teresa Kersting, Economist

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Germany Industry Chart

Germany Industry December 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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