Industrial production in Germany dropped by 0.2 percent month-over-month in August 2020, missing market expectations of a 1.5 percent rise and following an upwardly revised 1.4 percent gain a month earlier. This was the first fall in industrial output since April, as production declined for capital goods (-3.6 percent), consumer goods (-1.3 percent), and construction (-0.3 percent). Output in the automotive industry tumbled 12.5 percent, after an 8.9 percent increase in July, meaning that it was by just under 25 percent below the level of February 2020. In contrast, production grew for both intermediate goods (3.3 percent) and energy (6.7 percent). Year-on-year, industrial production tumbled 9.6 percent. source: Federal Statistical Office
Industrial Production Mom in Germany averaged 0.05 percent from 1991 until 2020, reaching an all time high of 9.30 percent in June of 2020 and a record low of -17.60 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 October of 2020.
Industrial Production Mom in Germany is expected to be -0.60 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.