2017 Economic Calendar
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Germany : Industrial Production  
Released On 6/8/2017 2:00:00 AM For Apr, 2017
PriorPrior RevisedConsensusActual
Month over Month-0.4 %-0.1 %0.6 %0.8 %
Year over Year1.8 %2.2 %2.8 %

Highlights
Goods production rebounded well in April. Following a smaller revised 0.1 percent monthly dip in March, output climbed a larger than expected 0.8 percent on the month to lift annual growth from 2.2 percent to 2.8 percent.

That said, April's headline recovery masked mixed performances amongst the major subgroups. On the positive side, there were monthly rises in intermediates (1.0 percent) and capital goods (0.3 percent) and gains here were supported by a sizeable increase in energy (5.7 percent). Less promisingly, consumer goods (minus 0.7 percent) and construction (minus 0.1 percent) struggled. Overall manufacturing output was up 0.4 percent after a 0.2 percent advance last time.

Still, total industrial output in April was a very healthy 1.3 percent above its average level in the first quarter (manufacturing up 0.9 percent) when it rose 1.4 percent versus October-December 2016. So, underlying trends look pretty solid and business surveys were universally bullish about developments in May. The fall in April orders was disappointing (see yesterday's calendar entry) but otherwise the second quarter looks to be shaping up well and goods production should provide a very handy boost to real GDP growth.

Definition
Industrial production measures the physical output of the nation's factories, mines and utilities. Data are collected from companies in the sector with fifty or more employees and include mining and quarrying, manufacturing, energy and, in contrast to its Eurozone counterpart, construction.  Why Investors Care
 
 

2017 Release Schedule
Released On: 1/92/73/84/75/96/87/78/79/710/911/712/7
Release For: NovDecJanFebMarAprMayJunJulAugSepOct
 


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