FX.co ★ German Industrial Output Rises as Expected

In July 2025, Germany's industrial production experienced a 1.3% rise month-over-month, according to revised figures that indicate a 0.1% decline in June, aligning with market forecasts. This growth was primarily powered by advancements in machinery and equipment manufacturing (up by 9.5%), the automotive sector (up by 2.3%), and the pharmaceuticals industry (up by 8.4%). However, a 4.5% decrease in energy production slightly mitigated the overall increase. When excluding energy and construction, production saw a 2.2% uptick from June, with capital goods surging by 3.0%, consumer goods by 2.1%, and intermediate goods by 0.8%. Additionally, construction output edged up by 0.3%, while energy-intensive industrial segments experienced a 0.4% rise. A broader view, comparing three-month periods, revealed that production was 0.1% lower between May and July than in the preceding three months. On an annual scale, the total industrial production rebounded with a 1.5% growth, following a prior 1.8% decline.