Brandenburg Gate in Berlin, Germany

Germany Industry January 2020

Germany: Industrial production growth jumps to over two-year high in January

The German industrial sector started the new year on stronger footing, with output growing 3.0% month-on-month in January, an over two-year high and contrasting the revised 2.2% contraction recorded in December (previously reported: -3.5% month-on-month). The print was driven by growth in the construction sector as well as intermediate and capital goods production, while consumer goods output was flat. Energy output, however, was down.

On an annual basis, industrial production fell 1.3% in January, up from the revised 5.3% contraction in December (previously reported: -6.8% year-on-year). Annual average industrial production dropped 3.3% in January, down from a 3.4% fall in the prior month.

Going forward, the industrial sector is expected to remain in rough waters this year as external headwinds continue to linger amid Brexit, the Sino-American trade dispute and U.S.-EU tensions. Moreover, the outbreak of the coronavirus is expected to weigh on output in the months ahead as supply chains and global trade are disrupted.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest