Allemagne Production Industrielle (Mensuel)

Germany’s industrial production fell by 4.3% month-over-month in August 2025, reversing a 1.3% increase in July and coming in well below market expectations of a 1% decline. This marked the steepest monthly drop in industrial output since March 2022, driven primarily by sharp contractions in the automotive industry (-18.5%), machinery and equipment manufacturing (-6.2%), pharmaceuticals (-10.3%), and computer, electronic, and optical products (-6.1%). Production excluding energy and construction declined by 5.6% compared to July, with capital goods falling 9.6%, consumer goods down 4.7%, and intermediate goods slipping 0.2%. Outside the industrial sector, energy production decreased by 0.5%, while construction output rose by 0.6%. Meanwhile, in the three months from June to August, industrial production was 1.3% lower than in the previous three-month period. On an annual basis, total industrial output declined by 3.9%, reversing a 1.5% increase recorded in the previous year.