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
|Industrial Production (annual variation in %)||0.1||1.5||1.0||1.8||3.3|
5 years of economic forecasts for more than 30 economic indicators.
Germany Industry Chart
Source: Federal Statistics Office and FocusEconomics calculations
|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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October 12, 2018
Consumer prices rose 0.4% over the previous month in September, up from a 0.1% increase 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.
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).
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.
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).