Industry in Germany
Germany - Industry
Growth in industrial output picks up despite still-weak manufacturing sector
Industrial production expanded 0.5% month-in-month in March in seasonally- and calendar-adjusted terms, slightly up from February’s downwardly revised 0.4% increase. The print contrasted market expectations of a drop in output and came on the back of resilient growth in intermediate and consumer goods production. Sector-level data showed an uptick in production growth in the manufacturing sector while the construction sector remained resilient.
Compared to March 2018, output fell 0.9% and contrasted February’s 0.2% revised increase (previously reported: -0.4% year-on-year). Lastly, annual average growth in industrial production dropped 0.2% in March, contrasting the 0.2% rise in February.
Commenting on the data release, Carsten Brzeski, chief economist at ING Germany, noted that the numbers are reason for cautious optimism because “order books are filled, and according to surveys, production is assured for almost as many months as last summer.” While downside risks have not rescinded entirely, economic growth in the first quarter could surprise on the upside with Brzeski noting that “it looks as if Germany could return as the best student in class next week. There’s life in the old dog, yet…”.
Panelists polled by Met the why particular expect industrial production to expand 0.4% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production increasing 1.4%.
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||-0.07||0.41 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||11,877||-0.41 %||May 13|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
May 15, 2019
The economy expanded 0.4% in Q1 2019 from the previous quarter, on a price-, seasonally- and calendar-adjusted basis, up from the fourth quarter’s flat reading and above market expectations of a softer expansion.
May 14, 2019
German harmonized consumer prices rose 1.0% month-on-month in April, doubling March’s reading of a 0.5% increase.
May 11, 2019
In March, the seasonally- and calendar-adjusted trade surplus rose to EUR 20.0 billion, from EUR 18.7 billion in February, as exports rebounded at a stronger pace than imports.
May 8, 2019
Industrial production expanded 0.5% month-in-month in March in seasonally- and calendar-adjusted terms, slightly up from February’s downwardly revised 0.4% increase.
May 2, 2019
Consumer confidence in Germany is expected to remain at April’s 11.4 in May, according to the GfK Group Consumer Climate Index.