Industrial production in Germany stalled in December of 2020, following an upwardly revised 1.5 percent rise in November and compared to market forecasts of a 0.3 percent increase, amid new coronavirus lockdowns in Germany and other European countries. Energy production dropped 2.9 percent and capital goods edged down 0.5 percent, offsetting increases in intermediate goods (2 percent), consumer goods (2.6 percent) and construction (3.2 percent). Compared with February of 2020, the month before restrictions were imposed due to the coronavirus pandemic, production was 3.6 percent lower. Considering full 2020, industrial output contracted 8.5 percent. source: Federal Statistical Office
Industrial Production Mom in Germany averaged 0.07 percent from 1991 until 2020, reaching an all time high of 9.40 percent in June of 2020 and a record low of -17.20 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 February of 2021.
Industrial Production Mom in Germany is expected to be 0.80 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 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.