Germany Industrial Production Mom

Last Release

Feb 29, 2024

Actual

2.1

Units In

Frequency

Monthly

Next Release

May 08, 2024

Time to Release

29 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
9.7 Jun 2020	-18.4 Apr 2020	0.05 %	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 rose by 2.1% month-over-month in February 2024, accelerating from an upwardly revised 1.3% gain in January and exceeding market estimates of 0.3%. It was the second straight month of increase in industrial output, marking the fastest expansion since January 2023, boosted by construction activity (7.9%) while the output in the automotive (5.7%) and chemicals industry (4.6%) also soared. At the same time, production grew for all components: intermediate goods (2.5%), consumer (1.9%), and capital ones (1.5%). The less volatile three-month on three-month comparison showed that production was 0.5% lower in the period from December 2023 to February 2024 than in the previous three months. Yearly, industrial output fell 4.9% in February, softer than the prior 5.3% slump.