Germany Industrial Production Mom

Last Release

Jan 31, 2023

Actual

3.5

Units In

-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.