Germany's industrial production 2008 - 2021 September

Germany's industrial production still in crisis, trend dropping by 2.8% p.a. since October 2018

Germany's industrial production is already examined in the Trend Magazine in connection with industrial production in the most important export countries. This report deals with Germany’s industrial since the pre-crisis year 2008 up to the current data of Germany’s Federal Statistical Office.

Update November 8th, 2021 - The diagram shows the original values of the production index over a period of thirtheen years from 2008 to 2021. The dotted line indicates the trend of the last twelve months. This identifies in an easy and transparent way industrial production's direction.

Three phases in the trend of industrial production become visible - one growth and two crisis phases.

Industrial production of Germany from 2008 to 2021.

Growth trend over five years from initial 2013 to October 2018

Industrial production or its trend took three years from the end of 2009 to mid-2012 to emerge from the trough of the global economic crisis of 2008/2009. After a six-month decline, a growth phase, lasting more than five years, began from March 2013 to October 2018. The rate of this growth trend was 1.8% p.a.

Crisis of Germany's industrial production since October 2018

In October 2018, the growth trend in industrial production reached its highest level of 106.5 index points. Since then, the trend in industrial production has been downwards.

The strongest growth within the five-year growth phase from 2013 to 2018 set in at the beginning of 2016. Production repeatedly reached higher highs and higher lows - typical for a growth phase.

But this changed in 2018, when the trend of production was unable to exceed the highs of the previous years (117.9 index points in November 2017), so it no longer grew faster. Its peak value in 2018 was only 113.3 index points in November 2018. Production growth had flattened out leading to a decline in production.

Since October 2018 the trend of industrial production has been declining at a rate of 2.7% p.a. until September 2021.

At first the decline intensified because of the Corona crisis. Since March 2021 the trend shows up again.

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