Germany’s industrial production slumped by 17.9 percent month-over-month in April 2020, the steepest decline since the series began in January 1991 and worse than market expectations of a 16.8 percent fall, due to the negative impact of the coronavirus pandemic. Production contracted for intermediate goods (-13.8 percent), consumer goods (-8.7 percent), capital goods (-35.3 percent), and energy (-7.2 percent). A sharp drop was recorded by the automotive industry (-74.6 percent). Also, construction activity dropped by 4.1 percent.
Industrial Production Mom in Germany averaged 0.03 percent from 1991 until 2020, reaching an all time high of 4 percent in August of 1993 and a record low of -17.90 percent in April of 2020. This page provides the latest reported value for - Germany Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Federal Statistical Office
Industrial Production Mom in Germany is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in Germany to stand at 0.80 in 12 months time. In the long-term, the Germany Industrial Production MoM is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.