Industry in Germany

Germany Industry | Economic News & Forecasts

Germany - Industry

Industrial production drops in October

Industrial output dropped 0.5% over the previous month in October, swinging from a revised 0.1% expansion in September (previously reported: +0.2% month-on-month). The headline figure contrasted market expectations of a 0.3% expansion and came on the back of a steep contractions in the production of consumer goods, which could be linked to recent troubles in the automotive sector following the implementation of new emission regulations, and the energy sector. On the hand, the production of capital goods and intermediate goods expanded solidly.

Commenting on the result, Carsten Brzeski, chief Germany economist at ING, stated that “what started as a stagnation at high levels has become a year of fears and severe car accidents for the German industry and the entire economy. The industrial slump over the summer months, mainly driven by production delays in the automotive industry, has once again given rise to concerns about the strength of the entire German economy. […] [However, taking] the trend of the last three months, German industry has at least not lost more momentum but instead is treading water.”

On a year-on-year basis, industrial production increased 1.6% in October, up from a 0.7% expansion in September (previously reported: +0.8% year-on-year). Finally, annual average growth in industrial production was stable at September’s 3.1% in October.

Germany Industrial Production Forecast

Panelists polled by FocusEconomics expect industrial production to expand 1.8% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production also increasing 1.8%.

Germany - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)0.1  1.5  1.0  1.8  3.3  

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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

Bond Yield0.250.41 %Dec 14
Exchange Rate1.130.65 %Dec 14
Stock Market10,866-0.41 %Dec 14

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