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Germany Industrial Production Mom
Last Release
Jan 31, 2023
Actual
3.5
Units In
%
Previous
-3.1
Frequency
Monthly
Next Release
Apr 06, 2023
Time to Release
7 Days 13 Hours
Highest | Lowest | Average | Date Range | Source |
9.7 Jun 2020 | -18.4 Apr 2020 | 0.06 % | 1991-2023 | Federal Statistical Office |
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.
Latest Updates
Industrial production in Germany advanced 3.5% month-over-month in January 2023, recovering from a downwardly revised 2.4% drop in December and well-above market expectations of a 1.4% rise. The latest reading pointed to the sharpest growth since June 2020, mainly driven by a big increase in production for intermediate goods (6.9%), particularly electronic equipment (7.1%) and chemicals & chemical products (9.8%). On the other hand, output went down for consumer goods (-1.8%) and capital goods (-0.6%). At the same time, production was also higher in construction (12.6%), energy (0.4%) and energy-intensive industrial branches (6.8%). On an annual basis, industrial production dropped 1.6%, after a downwardly revised 3.3% fall in the previous month.
Germany Industrial Production Mom History
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