Germany EUR

Germany Industrial Production YoY

Impact:
Low
Source: Federal Statistical Office

Latest Release:

Date:
Surprise:
-0.1%
Actual:
0.1%
Forecast: 0.2%
Previous/Revision:
0.4%
Period: Nov
What Does It Measure?
The Germany Industrial Production Year-over-Year (YoY) measures the change in total output produced by the industrial sector, which encompasses manufacturing, mining, and utilities. This indicator primarily assesses production levels and economic activity, with key components including the volume of manufactured goods and industrial outputs, providing insights into the health of the German economy on a national level.
Frequency
This report is released monthly, providing a preliminary estimate that is subject to later revisions, typically published around the middle of the month following the reported month.
Why Do Traders Care?
Traders closely monitor this indicator because it reflects the overall economic performance and health of Germany, which is a key player in the European economy. An increase or higher-than-expected reading may boost confidence in the euro and European equities, while a decrease may lead to bearish sentiment towards the euro and related assets.
What Is It Derived From?
Germany's Industrial Production YoY is derived from data collected across various industries, including key sectors like manufacturing and utilities, which are surveyed for their output levels. The calculations utilize a combination of actual production data, historical performance statistics, and adjustments for seasonal factors to ensure accuracy.
Description
Preliminary reports of industrial production are based on early estimates from relevant industrial surveys indicating future trends, while final reports provide a thorough and accurate measurement based on complete data submissions, typically released a few weeks after the preliminary. The YoY comparison is favored as it accounts for seasonal variations, enabling a broader understanding of industrial trends and allowing traders to gauge long-term economic shifts.
Additional Notes
This indicator serves as a coincident economic measure, reflecting current economic conditions, and is crucial for assessing broader economic trends in Germany and the Eurozone. It is often analyzed alongside other metrics such as retail sales and employment figures to provide a more comprehensive view of economic health.
Bullish or Bearish for Currency and Stocks
If the actual value of industrial production is higher than expected, it is typically bullish for the euro and bullish for stocks, as this indicates economic strength. Conversely, if the figure is lower than expected, it would be bearish for the euro and bearish for stocks, signaling potential economic weakness.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Jan 08, 2016
0.1%
 0.2%
0.4%
 -0.1%
Nov 06, 2015
0.2%
 1.55%
2.7%
 -1.35%
Oct 07, 2015
2.3%
 1.02%
0.8%
 1.28%
Sep 07, 2015
0.5%
 1.84%
0.9%
 -1.34%
Aug 07, 2015
0.6%
 0.8%
2.4%
 -0.2%
Jul 07, 2015
2.1%
 0.8%
1.1%
 1.3%
Jun 08, 2015
1.4%
 0.3%
0.2%
 1.1%
May 08, 2015
-0.1%
 0.9%
0.1%
 -1%