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Germany Industrial Production Mom
Last Release
Oct 31, 2024
Actual
-1
Units In
%
Previous
-2.5
Frequency
Monthly
Next Release
Jan 09, 2025
Time to Release
1 Months 1 Days 12 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 fell by 1% month-over-month in October 2024, missing expectations of a 1.2% rebound and following a downwardly revised 2% decline in September. The sustained drop was primarily driven by an 8.9% annual decrease in energy production. Additionally, automotive industry output fell by 1.9%, while production in industry excluding energy and construction decreased by 0.3%. Within industry, lower output of consumer goods (-1%) and capital goods (-0.4%) outweighed a 0.4% increase in intermediate goods. Meanwhile, production in energy-intensive industrial branches went down by 0.9%. On a yearly basis, industrial output declined by 4.5%, deepening from the downwardly revised 4.3% drop recorded in September.
Germany Industrial Production Mom History
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