Germany Industrial Production Mom

Last Release

May 31, 2024

Actual

-2.5

Units In

-0.1

Frequency

Monthly

Next Release

Aug 07, 2024

Time to Release

29 Days 19 Hours

Highest	Lowest	Average	Date Range	Source
9.7 Jun 2020	-18.4 Apr 2020	0.04 %	1991-2024	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

German industrial production declined by 2.5% month-over-month in May 2024, missing market estimates of a 0.2% growth and shifting from an upwardly revised 0.1% rise in the prior month. It was the second time of contraction so far this year and the steepest decrease since late 2022, weighed by lower output from machinery and equipment (-5.9%) and the automotive industry (-5.2%). Production in manufacturing, which excludes energy and construction, fell 2.9%; and construction activity was down 3.3%. On the other hand, energy production grew by 2.6%. At the same time, output shrank for all components: capital goods (-4.0%), intermediate (-2.7%), and consumer ones (-0.2%). The less volatile three-month-on-three-month comparison showed that production stagnated from March to May 2024 than in the previous three months. Yearly, industrial output declined by 6.7% in May, much steeper than the prior 3.7% fall and the fastest drop since August 2020.