German Industrial Output Unexpectedly Rises

Germany’s industrial output rose 0.8% month on month in November 2025, easing from a revised 2.0% increase in October and beating forecasts of a 0.4% decline. The sustained growth was driven mainly by a sharp rebound in the automotive sector (+7.8%) and gains in mechanical engineering (+3.2%) and machine maintenance and assembly (+10.5%). However, these were partly offset by a steep fall in energy production (-7.8%). Industrial production excluding energy and construction rose 2.1%, supported by capital goods (+4.9%), while continued contractions in intermediate goods (-0.8%) and consumer goods (-0.3%) weighed on overall momentum. Construction output also fell 0.8%. In the less volatile three-month comparison, activity from September to November was 0.7% higher than in the preceding three months. On an annual basis, total industrial production rose 0.8%, following a 1.0% increase in the previous period.

Germany’s industrial production rose 1.8% month-on-month in October, accelerating from a downwardly revised 1.1% increase in the previous month and sharply outperforming market expectations for a 0.4% decline. It was the strongest monthly gain since March, driven by higher output of data processing equipment, electronic and optical products (3.9%), and mechanical engineering (2.8%), while production in the automotive sector fell 1.3%. Output excluding energy and construction increased 1.5%, supported by growth in capital goods (2.1%), consumer goods (2.1%), and intermediate goods (0.6%). Meanwhile, energy production increased 1.4% and construction output grew 3.3%. On a three-month basis from August to October, industrial production was 1.5% lower than in the prior three-month period. On an annual basis, total industrial output gained 0.8%, reversing a downwardly revised 1.4% decline in September.

Germany’s industrial production rose 1.3% month-on-month in September, rebounding from a revised 3.7% decline in August but falling short of expectations for a 3% increase. Automotive output surged 12.3% after a 16.7% plunge in August, as activity normalized following factory holidays and production changeovers. Production of data processing equipment, electronic, and optical products rose 5.1%, while mechanical engineering fell 1.1%. Industrial production excluding energy and construction increased 1.9%, with capital goods up 3.8% and consumer and intermediate goods each rising 0.2%. Energy production climbed 1.3%, while construction output declined 0.9%. On a three-month basis from July to September, industrial production was 0.8% lower than in the prior three-month period. On an annual basis, total industrial output fell 1.6%, following a revised 3.6% drop in August.