Germany’s Federal Statistical Office (Destatis) reported that industrial production, adjusted for seasonal and calendar effects, recorded an increase for the third consecutive month. Market expectations had pointed to a 0.4% decline in output in November.
On an annual basis, industrial production also remained positive, rising by 0.8% compared with November 2024. The previously reported 1.8% increase for October was revised upward to 2%.
According to the data, industrial output excluding energy and construction rose by 2.1% month-on-month in November. Capital goods production increased by 4.9%, while consumer goods output declined by 0.3%. Energy production fell by 7.8% on a monthly basis, and construction output decreased by 0.8%.
“Recovery remains limited due to weak external demand”
Germany’s Ministry for Economic Affairs and Energy stated that the recent improvement in industrial production has been mainly supported by a recovery in domestic orders in recent months. The ministry noted that capital goods producers — including the defence sector — have benefited the most from this trend.
The statement added: “A broader-based recovery in industry remains limited due to weak external demand. Ongoing geopolitical risks and uncertainties surrounding trade policy continue to play a significant role.”
Comments
No comment yet.