Germany’s industrial production slumped 3.5 percent from the previous month in December 2019, down from an upwardly revised 1.2 percent rise in the previous month and compared with market expectations of a 0.2 percent fall. It was the biggest decline in industrial activity since January 2009. Within industry, capital goods output led the decline (-3.5 percent), followed by intermediate goods (-2.6 percent) and consumer goods (-2.0 percent). Outside of industry, construction output dropped 8.7 percent while energy production was up by 2 percent.
Industrial Production Mom in Germany averaged 0.06 percent from 1991 until 2019, reaching an all time high of 4 percent in August of 1993 and a record low of -6.90 percent in January of 2009. 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. source: Federal Statistical Office
Industrial Production Mom in Germany is expected to be -0.40 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 0.60 in 12 months time. In the long-term, the Germany Industrial Production MoM is projected to trend around 0.50 percent in 2021, according to our econometric models.