Alemanha Produção Industrial (Mensal)

German industrial production expanded by 2.9% month-over-month in August 2024, surpassing market estimates of 0.8% growth, and recovering from an upwardly revised 2.9% decline in the prior month, marking the fastest pace since October 2021. The latest figure was mainly boosted by a sharp rebound in the automotive industry, notably motor vehicles, trailers, and semi-trailers (19.3% vs -8.2% in July). Also, energy production advanced 2.3% and construction activity rose 0.3%. Additionally, the output of capital goods increased (6.9%) while intermediate goods rose slightly (0.1%), and consumer goods remained unchanged. The less volatile three-month-on-three-month comparison showed that production was 1.3% lower in the period from June to August 2024 than in the previous three months. On a yearly basis, industrial output fell by 2.7% in August, which was much less severe than the 5.6% decline recorded in July.