Industry in Germany
Germany - Industry
Industrial output rebounds in May
Industrial production rose 7.8% calendar-adjusted month-on-month basis in May (April: -17.5% mom). The figure marked the best result on record.
The upturn was largely driven by a surge in capital goods production. While consumer goods output also expanded, intermediate goods production decreased slightly. Lastly, the construction sector and energy output gained pace.
On an annual basis, factory output dived 19.3% in May, a less pronounced decrease than April’s 25.0% fall. Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 7.2%, down from April's minus 6.0%.
Panelists polled by FocusEconomics expect industrial production to drop 11.3% in 2020, which is down 1.8 percentage points from last month’s forecast. For 2021, the panel sees industrial production expanding 5.5%.
Germany - Industry Data
|Industrial Production (annual variation in %)||0.9||1.8||3.3||0.9||-3.1|
5 years of economic forecasts for more than 30 economic indicators.
Germany Industry Chart
Source: Federal Statistics Office and FocusEconomics calculations
|Bond Yield||-0.19||0.41 %||Jan 01|
|Exchange Rate||1.12||0.65 %||Dec 31|
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September 24, 2020
Business confidence rose to 93.4 in September from 92.5 in August, marking the best reading since February and suggests that the economy is gradually recovering from the pandemic-induces crisis.
September 23, 2020
Consumer confidence is expected to inch up from minus 1.7 in September to minus 1.6 in October. The projected uptick in the headline reading came on the back of more optimistic income expectations and economic expectations in September—backward-looking data for September was released at the same time and underpins the October estimate.
Germany: Private-sector operating conditions continue to improve in September despite setback in services sector
September 23, 2020
German private-sector operating conditions continued to improve in September, albeit at a softer rate compared to the prior month, with the IHS Markit composite Purchasing Managers’ Index (PMI) coming in at 53.7 in September, down from August’s 54.4.
September 11, 2020
Harmonized consumer prices dropped 0.19% over the last month in August, up from July’s 0.47% fall.
September 8, 2020
Merchandise exports rose 4.7% month-on-month in July on a calendar- and seasonally-adjusted basis, down from June’s 14.9% jump.