Latest reading: Industrial output—excluding energy—nosedived 6.6% in month-on-month seasonally adjusted terms in July, which contrasted June’s 7.3% increase. The result...
Industrial Production in Germany
The German economy recorded an average industrial production growth rate of -0.5% in the decade to 2024. In 2024, industrial production growth was -4.4%. 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 2024.
Source: Macrobond.
Germany Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -7.7 | 3.5 | -0.6 | -1.7 | -4.4 |
Industrial activity drops most in almost a year in June
Latest reading: Industrial output dropped 1.9% in calendar- and seasonally adjusted month-on-month terms June (May: -0.1% mom s.a.), marking the worst reading since July 2024 and undershooting market expectations. Looking at the details of the release, manufacturing production fell at a sharper pace in June. Moreover, the contraction in mining and quarrying output worsened, and energy supply growth lost momentum. On an annual basis, industrial production decreased 3.6% in June, which was significantly below May’s 0.2% fall. Meanwhile, annual average variation of industrial production was stable at May's 2.9% in June.
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 12 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.
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