Allemagne Production Industrielle (Mensuel)

Germany’s industrial production fell by 1.9% month-over-month in June 2025, following a revised 0.1% decline in May and exceeding market expectations of a 0.5% drop. This marked the sharpest contraction in industrial activity since July 2024, driven mainly by significant declines in the manufacture of machinery and equipment (-5.3%), pharmaceuticals (-11.0%), and the food industry (-6.3%). Among the major industrial groups, production of consumer goods dropped 5.6%, capital goods fell 3.2%, and intermediate goods edged down 0.6%. In contrast, energy production rose 3.1%. However, output in energy-intensive industries declined by 2.2%. On a three-month basis, industrial output was 2.3% lower in Q2 compared to Q1 2025. Year-on-year, industrial activity dropped 3.6% in June, accelerating from a 0.2% decline in May.