Kazakhstan: Industrial output growth wanes in March
Industrial output increased 3.0% compared to the same month of the previous year in March, which was a deterioration from...
Industrial Production in Germany
Over the past decade until 2022, Germany's industrial production grew on average by 0.1%, below the Euro Area average of 1.1%. In 2022, Germany's industrial production growth was -0.5%. For more industry information, visit our dedicated page.
Germany Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Germany from 2014 to 2023.
Source: Federal Statistical Office, Germany.
Germany Industry Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 0.9 | -2.3 | -7.7 | 3.6 | -0.9 |
Industrial output contracts at sharpest pace since March in December
Industrial production slid 1.6% calendar-adjusted month-on-month basis in December (November: -0.2% mom). December's figure marked the worst reading since March. The figure was partly due to a deterioration in manufacturing production. In contrast, mining and quarrying production . Lastly, construction sector production dropped at a sharper rate, while energy production lost steam. On an annual basis, industrial output declined 3.0% in December, a softer contraction than November’s 4.3% fall. Meanwhile, annual average of industrial production was stable at November's 1.6% in December.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects German industry projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for German industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our German industry projections.
Want to get access to the full dataset of German industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
-
-
Hungary: Industrial output rebounds in February
According to a second estimate by the Statistical Institute, industrial output expanded 1.0% year on year in February (January: -3.8%... -
Romania: Decline in industrial output softens in February
Industrial output fell 2.2% year on year in February (January: -3.9% yoy). Looking at the details of the release, manufacturing... -
Euro Area: Industrial production rebounds in February
Industrial output rose 0.8% in month-on-month seasonally adjusted terms in February, which contrasted January’s 3.0% decrease. February’s reading was driven... -
Uruguay: Manufacturing production growth falls to 10-month low in February
Manufacturing output increased 0.9% in year-on-year terms in February, which followed January’s 1.1% increase. Industrial output excluding refinery output 0.0%... -
India: Industrial output growth gains momentum in February
Industrial output increased 5.7% compared to the same month a year earlier in February, which was above January’s 4.1% increase... -
Spain: Industrial output records quickest growth since March 2023 in February
Industrial output rose 1.5% year on year in seasonally and calendar-adjusted terms in February (January: +0.3% ). The figure marked...