German Industrial Output Falls for 2nd Month

2026-03-09 07:14 By Judith Sib-at 1 min. read

Germany’s industrial output decreased 0.5% month-on-month in January 2026, easing from a downwardly revised 1.0% fall in the previous month but against market expectations of a 0.9% rise.

This marked the second consecutive monthly drop, primarily due to lower output for fabricated metal products, except machinery and equipment (-12.4%), pharmaceutical products (-11.9%), and computer, electronic and optical products (-6.8%).

However, these declines were partly offset by an increase in energy production (10.3%), linked to colder temperature during the month.

Construction output also went up (2.9%).

Excluding energy and construction, industrial output fell 2.5%, amid decreases in the production of consumer goods (-4.2%), intermediate goods (-2.6%), and capital goods (-1.6%).

In the less volatile three-month comparison, activity from November to January rose 0.9%.

On an annual basis, industrial production declined 1.2%, following a revised 0.4% gain in December.



News Stream
German Industrial Output Falls for 2nd Month
Germany’s industrial output decreased 0.5% month-on-month in January 2026, easing from a downwardly revised 1.0% fall in the previous month but against market expectations of a 0.9% rise. This marked the second consecutive monthly drop, primarily due to lower output for fabricated metal products, except machinery and equipment (-12.4%), pharmaceutical products (-11.9%), and computer, electronic and optical products (-6.8%). However, these declines were partly offset by an increase in energy production (10.3%), linked to colder temperature during the month. Construction output also went up (2.9%). Excluding energy and construction, industrial output fell 2.5%, amid decreases in the production of consumer goods (-4.2%), intermediate goods (-2.6%), and capital goods (-1.6%). In the less volatile three-month comparison, activity from November to January rose 0.9%. On an annual basis, industrial production declined 1.2%, following a revised 0.4% gain in December.
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