Industry in Germany

Germany Industry | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)0.9  1.8  3.3  0.9  -3.1  

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Germany Industry Chart

Germany Industry
Note: Annual variation of industrial output in %.
Source: Federal Statistics Office and FocusEconomics calculations

Germany Facts

Value Change Date
Bond Yield-0.190.41 %Jan 01
Exchange Rate1.120.65 %Dec 31

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