German Industrial Output Falls More than Expected

2026-02-06 07:13 By Judith Sib-at 1 min. read

Germany’s industrial output declined 1.9% month-on-month in December 2025, reversing a downwardly revised 0.2% rise in November and worse than market expectations of a 0.3% fall.

This was the first monthly drop in four months, mainly due to lower output in the automotive industry (-8.9%), machinery and equipment (-6.8%), and machine maintenance and assembly (-17.6%).

These declines, however, were partially offset by gains in fabricated metal products (+3.2%) and other transport equipment (+10.5%).

Construction output also increased (+3%).

Excluding energy and construction, industrial output dropped 3%, dragged by lower production in capital goods (-5.3%) and intermediate goods (-1.2%), while output in consumer goods rose (+0.5%).

In the less volatile three-month comparison, activity from October to December was 0.9% higher than in the previous three months.

On an annual basis, industrial output fell 0.6%, following a downwardly revised 0.5% gain in November.



News Stream
German Industrial Output Falls More than Expected
Germany’s industrial output declined 1.9% month-on-month in December 2025, reversing a downwardly revised 0.2% rise in November and worse than market expectations of a 0.3% fall. This was the first monthly drop in four months, mainly due to lower output in the automotive industry (-8.9%), machinery and equipment (-6.8%), and machine maintenance and assembly (-17.6%). These declines, however, were partially offset by gains in fabricated metal products (+3.2%) and other transport equipment (+10.5%). Construction output also increased (+3%). Excluding energy and construction, industrial output dropped 3%, dragged by lower production in capital goods (-5.3%) and intermediate goods (-1.2%), while output in consumer goods rose (+0.5%). In the less volatile three-month comparison, activity from October to December was 0.9% higher than in the previous three months. On an annual basis, industrial output fell 0.6%, following a downwardly revised 0.5% gain in November.
2026-02-06
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.
2026-01-09
German Industrial Output Unexpectedly Rises
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.
2025-12-08