Germany Industry


Germany: Industrial production rebounds in April

June 8, 2015

In April, industrial production expanded a seasonally-adjusted 0.9% over the previous month, contrasting March’s 0.4% contraction reading and marking the largest gain in four months. In addition, the reading exceeded market expectations of a 0.5% increase. April’s print mainly reflected a turnaround in manufacturing and an acceleration in construction. Conversely, electricity and energy supply slowed and mining and quarrying contracted at a steeper pace than in the previous month.

Compared to the same month last year, industrial production rose 1.4% in April, which followed March’s 0.2% increase. The overall trend stabilized as annual average growth in industrial production remained at March’s 15-month low of 0.6%.

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 April 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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