Industrial production in Germany jumped 1.6 percent month-over-month in September of 2020, following an upwardly revised 0.5 percent gain in August but below market forecasts of a 2.7 percent increase. Still, it marked the 5th straight month of rising production although it remained 8.4 percent below pre-pandemic levels. Increases were seen in production of intermediate goods (1.4 percent), consumer goods (3 percent) and capital goods (2.2 percent). The auto sector, which is the largest branch of manufacturing, rose by 10 percent. In contrast, energy production was down 2.5 percent. Year-on-year, industrial output fell 7.3 percent. source: Federal Statistical Office
Industrial Production Mom in Germany averaged 0.06 percent from 1991 until 2020, reaching an all time high of 9.40 percent in June of 2020 and a record low of -17.20 percent in April of 2020. This page provides the latest reported value for - Germany Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Industrial Production Mom in Germany is expected to be -0.60 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 -0.80 in 12 months time. In the long-term, the Germany Industrial Production MoM is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.