09.01.202607:20:18UTC+00German Industrial Output Unexpectedly Rises

In November 2025, Germany's industrial production saw a 0.8% monthly increase, a slowdown from the revised 2.0% growth in October but still surpassing the anticipated 0.4% decline. This ongoing expansion was largely fueled by a significant recovery in the automotive sector, which rose by 7.8%, alongside notable improvements in mechanical engineering at 3.2% and machine maintenance and assembly, which surged by 10.5%. Despite these gains, the overall growth was somewhat curtailed by a notable 7.8% decrease in energy production. When excluding energy and construction, industrial output experienced a 2.1% uptick, driven by a 4.9% rise in capital goods. Nevertheless, the overall momentum was dampened by continued declines in intermediate goods, down by 0.8%, and consumer goods, which fell by 0.3%. There was also a 0.8% reduction in construction output. Over the less volatile three-month comparison, industrial activity from September to November was 0.7% higher than in the previous three months. On a year-to-year basis, total industrial production grew by 0.8%, following a 1.0% increase in the preceding period.