Industrial production in Germany dropped by 1.5% month-over-month in June 2023, worse than the market consensus of a 0.5% fall and following a downwardly revised 0.1% decline in May. This was the third time of fall so far this year, weighed by lower output in the automotive industry (-3.5%) and construction (-2.8%). By contrast, the pharmaceutical industry surged 7.9%, rebounding sharply from a 13.3% plunge in May. Overall, the production of capital goods fell by 3.9%, while those of consumer goods and intermediate goods rose by 1.8% and 0.4%, respectively. Outside of the industry sector, production in energy was up 0.6%. Excluding energy and construction, industrial production shrank by 1.3%. On an annual basis, industrial production contracted by 1.7%, after being flat in the previous month. source: Federal Statistical Office

Industrial Production Mom in Germany averaged 0.06 percent from 1991 until 2023, reaching an all time high of 9.80 percent in June of 2020 and a record low of -18.30 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 August of 2023.

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. In the long-term, the Germany Industrial Production MoM is projected to trend around 0.40 percent in 2024 and 0.50 percent in 2025, according to our econometric models.

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Germany Industrial Production MoM



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-07 06:00 AM May -0.2% 0.3% 0% -0.2%
2023-08-07 06:00 AM Jun -1.5% -0.1% -0.5% -0.2%
2023-09-07 06:00 AM Jul -1.5% 0.5%


Related Last Previous Unit Reference
Industrial Production Mom -1.50 -0.10 percent Jun 2023
Industrial Production -1.69 0.00 percent Jun 2023
Manufacturing Production -0.40 1.38 percent Jun 2023
Factory Orders 7.00 6.20 percent Jun 2023
Changes in Inventories 12.49 15.33 EUR Billion Jun 2023
Bankruptcies 1478.00 1428.00 Companies May 2023
Mining Production -11.80 -12.90 percent Jun 2023

Germany Industrial Production MoM
In Germany, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 79 percent of total production. The biggest segments within Manufacturing are: machinery and equipment (12 percent of total production); motor vehicles, trailers and semi-trailers (12 percent); basic metals and fabricated metal products (10 percent); and computers, electronic and optical products and electrical equipment (10 percent). Construction accounts for 11 percent of total output; and energy production accounts for 10 percent.
Actual Previous Highest Lowest Dates Unit Frequency
-1.50 -0.10 9.80 -18.30 1991 - 2023 percent Monthly
2015=100, SWDA

News Stream
German Industrial Output Falls More than Expected
Industrial production in Germany dropped by 1.5% month-over-month in June 2023, worse than the market consensus of a 0.5% fall and following a downwardly revised 0.1% decline in May. This was the third time of fall so far this year, weighed by lower output in the automotive industry (-3.5%) and construction (-2.8%). By contrast, the pharmaceutical industry surged 7.9%, rebounding sharply from a 13.3% plunge in May. Overall, the production of capital goods fell by 3.9%, while those of consumer goods and intermediate goods rose by 1.8% and 0.4%, respectively. Outside of the industry sector, production in energy was up 0.6%. Excluding energy and construction, industrial production shrank by 1.3%. On an annual basis, industrial production contracted by 1.7%, after being flat in the previous month.
2023-08-07
German Industrial Output Unexpectedly Falls
Industrial production in Germany unexpectedly declined by 0.2% month-over-month in May 2023, deviating from the market consensus of a flat reading and following April's 0.3% rise. Output decreased for basic pharmaceutical products and pharmaceutical preparations (-13.1%) as well as energy production (-7%). However, the manufacture of motor vehicles, trailers, and semi-trailers experienced a 4.9% increase. Overall, the production of consumer goods decreased by 1.2%, and that of intermediate goods declined by 0.5%. In contrast, the production of capital goods increased by 1.3%. Outside of the industry sector, production in construction dropped by 0.4%. On an annual basis, industrial production growth in May slowed to 0.7% from 1.7% in April.
2023-07-07
Germany Industrial Output Recovers in April
Industrial production in Germany went up 0.3% month-over-month in April 2023, recovering from a downwardly revised 2.1% drop in March but less than market forecasts of a 0.6% rise. The growth was driven by the rebound in construction (2% vs -2.9% in March) and the increases in manufacturing of basic pharmaceutical products & pharmaceutical preparations (6.4%) and consumer goods (1.5%). However, it was partially offset by the decrease in production of motor vehicles and parts (-0.8%), engineering (-0.5%), capital goods (-0.3%), intermediate goods (-0.2%), and energy (-1.5%). Excluding energy and construction, industrial output rose 0.1%. On an annual basis, industrial production added 1.6%, slowing from a 2.3% jump in March.
2023-06-07