Industry in Germany
Germany - Industry
Industrial sector gets off to a weak start in the third quarter as output contracts again in July
The German economy started the third quarter on a weak footing, with industrial output dropping 1.1% in July over the previous month in seasonally-, price- and working-day adjusted terms. The print was below June’s revised contraction of 0.7% (previously reported: -0.9% month-on-month). This contrasted market expectations of a smaller 0.2% expansion and marked the sixth contraction in the last eight months.
The drop was driven by a broad-based deterioration within industry: The production of capital goods, consumer goods and intermediate goods all contracted in July. Meanwhile, output growth in the energy sector was stable, while activity in the construction sector rebounded strongly.
Compared to the same month a year ago, growth in industrial production slowed from an upwardly revised 2.7% in June (previously reported: +2.5% year-on-year) to 1.1% in July. Lastly, annual average growth in industrial production moderated to 3.6% in July from 3.8% in the previous month.
Germany Industrial Production Forecast
Panelists polled by Met the why particular expect industrial production to expand 2.7% in 2018, which is unchanged from last month’s forecast. For 2019, the panel sees industrial production increasing 2.3%.
Germany - Industry Data
|Industrial Production (annual variation in %)||0.1||1.5||1.0||1.8||3.3|
5 years of economic forecasts for more than 30 economic indicators.
Germany Industry Chart
Source: Federal Statistics Office and Met the why particular calculations
|Bond Yield||0.48||0.41 %||Sep 20|
|Exchange Rate||1.18||0.65 %||Sep 20|
|Stock Market||12,326||-0.41 %||Sep 20|
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September 13, 2018
German consumer prices rose 0.1% over the previous month in August, down from a 0.3% increase in July, according to data released by the Federal Statistics Office (Destatis) on 13 September.
Germany: Industrial sector gets off to a weak start in the third quarter as output contracts again in July
September 7, 2018
The German economy started the third quarter on a weak footing, with industrial output dropping 1.1% in July over the previous month in seasonally-, price- and working-day adjusted terms.
September 7, 2018
External sector data disappointed in July as exports contracted 0.9% over the previous month on a seasonally- and calendar-adjusted basis.
August 29, 2018
The forward-looking consumer confidence indicator for September released by the GfK Group decreased slightly to 11.5 points, down from August’s 11.6 points.
August 27, 2018
Business confidence in Germany’s private sector jumped to 113.8 points in August from 111.7 points in July, likely due to the ceasefire in the trade conflict between the United States and the European Union and robust domestic dynamics.