Industry in Germany
Germany - Industry
Industrial production rebounds in November
Industrial production grew 1.1% month-on-month in November, contrasting the revised 1.0% contraction in the prior month (previously reported: -1.7% month-on-month). The figure marked the strongest expansion in output in one-and-a-half years and beat market expectations of a smaller increase in production. Increased output of capital goods, consumer goods and construction-sector activity buttressed the headline figure as intermediate goods and energy output fell in the month.
Although industrial output returned to growth in November, it is still down from the average seen in the third quarter. As such, the industrial sector remained in a pickle owing to lingering trade tensions and weakened global economic momentum as well as a still-struggling automotive sector.
Meanwhile, industrial production fell 2.6% year-on-year in the month, up from the revised-but-still-steep 4.6% drop in October (previously reported: -5.3% year-on-year). Annual average industrial output consequently dropped 3.2%, which is up from the 3.4% contraction in the prior month.
Looking ahead, industrial output in Germany should recover this year from a weak 2019; however, the balance of risks remains tilted to the downside amid protracted external headwinds.
Panelists polled by FocusEconomics expect industrial production to recover marginally, growing 0.3% in 2020, which is unchanged from last month’s forecast. For 2021, the panel sees industrial production expanding 1.5%.
Germany - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 0.1 | 1.5 | 0.9 | 1.8 | 3.3 |
Germany Industry Chart
Source: Federal Statistics Office and FocusEconomics calculations
Germany Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | -0.19 | 0.41 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Economic News
Germany: Harmonized inflation rises in December
January 16, 2020
Harmonized consumer prices in Germany rose 0.6% month-on-month in December, contrasting the 0.8% drop in November.
Germany: Industrial production rebounds in November
January 9, 2020
Industrial production grew 1.1% month-on-month in November, contrasting the revised 1.0% contraction in the prior month (previously reported: -1.7% month-on-month).
Germany: Exports contract in November
January 9, 2020
November trade data was little cause for jubilation.
Germany: Business sentiment ticks up in December but remains depressed
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At the close of the year, business confidence rose in Germany from a revised 95.1 in November (previously reported: 95.0) to 96.3 in December.
Germany: Tensions rise within the governing coalition as the Social Democrats elect a new leadership
December 18, 2019
Tensions within the ruling coalition government of the Christian Democrats (CDU) and the Social Democrats (SPD) are set to rise ahead after the SPD elected a new leftist leadership, although a premature end to the grand coalition that has ruled Germany for much of the last 14 years seems unlikely.
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