German industrial output rose by 0.7 percent month-over-month in February 2019, after being unchanged in January and beating market expectations of a 0.5 percent growth. Construction output surged 6.8 percent and the production of capital goods rose 0.6 percent. In contrast, output contracted for energy (-3.1 percent), consumer goods (-1.6 percent), and intermediate goods (-0.6 percent). Year-on-year, industrial production declined by 0.4 percent in February, easing from a 2.7 percent fall in January. Industrial Production Mom in Germany averaged 0.09 percent from 1991 until 2019, reaching an all time high of 4 percent in August of 1993 and a record low of -6.90 percent in January of 2009.
Industrial Production Mom in Germany is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in Germany to stand at -0.40 in 12 months time. In the long-term, the Germany Industrial Production MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.