Industrial production in Germany unexpectedly fell 1% month-over-month in April of 2021, compared to market forecasts of a 0.5% rise, amid semiconductor shortages and other supply chain disruptions that were exacerbated by the blockage of the Suez Canal in early April. Production decreased for consumer goods (-3.3%), intermediate (-0.2%), capital goods (-0.1%) and construction (-4.3%) but increased for energy (6%). Year-on-year, industrial output surged 26.4% due to low base effects from 2020 when the coronavirus pandemic hit the economy hard. Compared to February 2020, industrial output was down 5.6%. source: Federal Statistical Office
Industrial Production Mom in Germany averaged 0.07 percent from 1991 until 2021, reaching an all time high of 9.40 percent in June of 2020 and a record low of -18.20 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 June of 2021.
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 0.80 in 12 months time. In the long-term, the Germany Industrial Production MoM is projected to trend around 0.40 percent in 2022 and 0.50 percent in 2023, according to our econometric models.