Germany's industrial production increased by 0.3 percent month-over-month in August 2019, easily beating market consensus of a 0.1 percent fall and following a revised 0.4 percent drop in July. This marked the first monthly rise in industrial output since May, with output rising for both capital (1.1 percent) and intermediate goods (1 percent). Meantime, production fell for consumer goods (-1 percent), energy (-1.7 percent) and construction (-1.5 percent). Year-on-year, industrial output shrank 4 percent in August. Industrial Production Mom in Germany averaged 0.08 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.
Industrial Production Mom in Germany is expected to be 0.70 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 2020, according to our econometric models.