Germany Industrial Production Mom

Last Release

Sep 30, 2024

Actual

-2.5

Units In

2.9

Frequency

Monthly

Next Release

Dec 06, 2024

Time to Release

27 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
9.7 Jun 2020	-18.4 Apr 2020	0.04 %	1991-2024	Federal Statistical Office

In Germany, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 79 percent of total production. The biggest segments within Manufacturing are: machinery and equipment (12 percent of total production); motor vehicles, trailers and semi-trailers (12 percent); basic metals and fabricated metal products (10 percent); and computers, electronic and optical products and electrical equipment (10 percent). Construction accounts for 11 percent of total output; and energy production accounts for 10 percent.

Latest Updates

German industrial production dropped 2.5% month-over-month in September 2024, exceeding the expected 1% fall and following a 2.9% growth in the previous period. The decline was mainly attributed to the negative contribution in most sectors of the manufacturing industry, particularly the automotive industry (-7.8%). At the same time, production in energy-intensive industries declined by 3.3%, largely due to a downturn in the chemical sector. The less volatile three-month-on-three-month comparison showed that production was 2.2% lower from July to September compared to the prior three months. On a yearly basis, industrial output sank by 4.6%, slipping further from a 3% decline in August.