Allemagne Production Industrielle (Mensuel)

Industrial production in Germany increased 1.5% month-over-month in November 2024, following an upwardly revised 0.4% fall in October and much better than market forecasts of a 0.5% gain. Gains were seen across various sectors, including energy production (5.6%), construction (2.1%) and the manufacture of aircraft, ships, trains, military vehicles (11.4%). Production went up for capital goods (1.4%), consumer goods (0.9%) and intermediate goods (0.5%). Notably, production in energy-intensive industrial branches grew by 1.5%. However, on a less volatile three-month-on-three-month basis, production fell by 1.1% in September-November 2024 compared to the previous three months. Year-on-year, industrial production declined 2.8%, extending the 4.2% drop in October.