- Prior -0.5%; revised to 0.0%
The drop in German industrial output was less than estimated in February, that despite a positive revision to the January estimate too. The less steep decline on the month sees overall production keep flat relative to the same month a year ago. The less volatile three-month comparison also shows a somewhat similar picture, with output down 0.4% from December 2025 to February 2026.
Looking at the details, the drop in February owes to production decreases in the construction industry (-1.2%), in the manufacture of computer, electronic and optical products (-3.9%), and in the pharmaceutical industry (-4.4%). Conversely, the increase in the automotive industry (+1.7%) had a positive effect.
The more structured breakdown shows that consumer goods production declined by 1.5%, while intermediate goods production rose by 0.4% and capital goods production by 0.1%. Meanwhile, energy production increased by 0.3% on the month.
