YoY Change in Industrial Production in Germany
Germany| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year Industrial Production Index for mining and manufacturing in Germany measures the change in production activity compared to the same month of the previous year. This data, published monthly by the Federal Statistical Office of Germany (Destatis), is essential for evaluating trends in industrial production.
Year-on-year data helps in understanding how industrial production activities are fluctuating over time. An increase indicates economic expansion, suggesting improved production capacity among businesses. Conversely, a decrease suggests economic stagnation, indicating a decline in production activities.
This data serves as a crucial reference for policymakers to assess economic health and formulate appropriate monetary and industrial policies. For example, if industrial production is increasing, the central bank may consider raising interest rates to mitigate inflation risks. Conversely, if production is declining, there may be a need to enhance economic stimulus measures. Additionally, for businesses and investors, it provides vital insights into trends in industrial production and helps shape economic outlooks.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
