2017 Economic Calendar
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Germany : Industrial Production  
Released On 7/7/2017 2:00:00 AM For May, 2017
PriorPrior RevisedConsensusActual
Month over Month0.8 %0.7 %0.4 %1.2 %
Year over Year2.8 %2.6 %4.9 %

Goods production continued to expand in May and at a significantly faster rate than in April. A 1.2 percent monthly increase was the best performance since February, comfortably stronger than expected and enough to lift annual output growth from 2.6 percent to a very respectable 4.9 percent.

May's buoyancy was dominated by capital goods where production climbed fully 2.6 percent versus April when it dipped 0.2 percent. Consumer goods (1.4 percent) also had a good month but intermediates slipped 0.2 percent. Amongst the more volatile subsectors, energy jumped 2.9 percent but construction contracted 1.0 percent.

Today's data put average industrial production in April/May nearly 2 percent above its mean level in the first quarter. In the absence of a surprising large setback in June, the goods producing sector will have made a sizeable contribution to second quarter real GDP growth. Looking ahead, orders (see yesterday's calendar entry) have been especially volatile of late but, in general, manufacturing looks to be in good shape and output should continue to grow, albeit at a probably slower pace, through the current quarter.

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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