Germany Industry


Germany: Industrial production growth rebounds softly in February

April 9, 2015

In February, industrial production grew a seasonally-adjusted 0.2% over the previous month, contrasting January’s 0.4% decrease. The reading was in line with market expectations. February’s print mainly reflected that stronger growth in mining and quarrying as well as a turnaround in manufacturing and electricity and energy supply more than offset a contraction in construction.

Compared to the same month of the previous year, industrial production shrunk 0.3% in February, which followed January’s flat reading. The overall trend continued to deteriorate as annual average growth in industrial production edged down from January’s 1.1% to a 13-month low of 0.8% in February.

Forecasters polled by FocusEconomics expect that industrial production will expand 2.0% in 2015, which is up 0.2 percentage points 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 February 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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