Germany's industrial production dropped by 1.5 percent month-over-month in June 2019, much worse than market expectations of a 0.4 percent decline and compared to a downwardly revised 0.1 percent growth in the previous month. There were falls in the output of intermediate (-2 percent), capital (-1.8 percent) and consumer goods (-1.4 percent). Also, energy production shrank 1.6 percent; while construction output grew by 0.3 percent. Year-on-year, industrial production slumped 5.2 percent in June, the most since November 2009. 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 -0.60 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 0.40 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.