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Germany: Industrial production edges up in September

German factory
Europe   Industrial production increased 0.8% in September

Industrial production expanded 0.2% over the previous month in September in seasonally-, price- and working-day adjusted terms.

The print is slightly up from August’s revised 0.1% increase (previously reported: -0.3% month-on-month) and marginally ahead of market expectations. The expansion came on the back of a pickup in capital goods production and construction, which offset contractions in the production of intermediate goods; consumer goods; and energy.

Compared to the same month a year ago, industrial production increased 0.8% in September from a revised 0.2% expansion in August (previously reported: -0.1% year-on-year). Lastly, annual average growth in industrial production eased from 3.4% in August to 3.1% in September.

Panelists polled by FocusEconomics expect industrial production to expand 2.0% in 2019, which is unchanged from last month’s forecast. For 2020, the panel sees industrial production increasing 1.9%.


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