Industry in Germany
Germany - Industry
Industrial production falls for the third consecutive month in August
Industrial production contracted 0.3% over the previous month in August in seasonally, price and working-day adjusted terms, marking the third consecutive drop but up from July’s revised 1.3% decline (previously reported: -1.1% month-on-month). August’s figure contrasted market expectations of a 0.4% expansion.
The contraction was chiefly driven by the construction and capital goods sectors. In contrast, consumer goods, intermediate goods, and energy output increased month-on-month.
In year-on-year terms, industrial production swung from a revised 1.5% expansion in July (previously reported: +1.1% year-on-year) to a 0.1% decline in August. Lastly, annual average growth in industrial production moderated to 3.4% in August from July’s 3.7%.
Germany Industrial Production Forecast
Panelists polled by FocusEconomics expect industrial production to expand 2.7% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees industrial production increasing 2.3%.
Germany - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 0.1 | 1.5 | 1.0 | 1.8 | 3.3 |
Germany Industry Chart
Source: Federal Statistics Office and FocusEconomics calculations
Germany Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.45 | 0.41 % | Oct 22 |
| Exchange Rate | 1.15 | 0.65 % | Oct 22 |
| Stock Market | 11,524 | -0.41 % | Oct 22 |
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Economic News
Germany: Inflation rises in September
October 12, 2018
Consumer prices rose 0.4% over the previous month in September, up from a 0.1% increase in August.
Germany: Trade data remains uninspiring as exports contract in August
October 9, 2018
Trade data remained lackluster in August, with exports contracting 0.1% over the previous month on a seasonally- and calendar-adjusted basis.
Germany: Industrial production falls for the third consecutive month in August
October 8, 2018
Industrial production contracted 0.3% over the previous month in August in seasonally, price and working-day adjusted terms, marking the third consecutive drop but up from July’s revised 1.3% decline (previously reported: -1.1% month-on-month).
Germany: Slight pick-up in consumer confidence expected in October
September 27, 2018
The forward-looking consumer confidence indicator for October released by the GfK Group increased slightly to 10.6 points, up from September’s 10.5 points, with consumers unmoved by recent political uncertainty.
Germany: Business confidence eases in September
September 24, 2018
Sentiment among German businesses inched down to 103.7 points in September from a revised 103.9 points in August (previously reported: 103.8 points).
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