German Industrial Production Falls 1.1% in July, Missing Forecasts

German industrial production fell 1.1% month on month in July 2026 after seasonal and calendar adjustment, Destatis said in press release No. 316 (7 September 2026; German twin). That miss sits against a consensus forecast of +0.1% and a prior of 0.2%. Destatis itself revised June to 0.0% m/m sa/ca after a provisional +0.2%. The Destatis revised prior and the Primary F/P are both quoted. They are not averaged.

Year on year, July production was 1.6% lower after calendar adjustment. The less-volatile May–July three-month comparison was 0.4% higher than the prior three months.

Autos drove the drop; energy helped

Industry excluding energy and construction fell 2.2% m/m sa/ca. The automotive industry dropped 9.2% — Destatis points to a multi-week production shutdown flagged by the German Association of the Automotive Industry (VDA). Energy production rose 4.7%, led by wind and photovoltaics. Energy-intensive industrial branches fell 1.7%. Construction rose 0.9%.

Germany’s AfD Saxony-Anhalt win (43.8%) is a separate state election print — distinct from this Destatis industrial-production miss.

EUR/GBP’s German IP reaction near 0.8585 is a separate cross tape — distinct from this Destatis print.

Eurozone Sentix Investor Confidence at 5.1 in September is a separate sentiment print — distinct from this German IP / EUR reaction tape.

Eurozone Q2 GDP revised to 0.6% with employment +0.1% is a separate Eurostat print — distinct from this Sentix / German IP / EUR cross tape.

EUR/JPY’s 1.11% slide toward 179.45 is a separate yen-cross tape — distinct from this EUR / BoJ / euro-area print note.

Germany’s July trade surplus of 21.3 billion euros is a separate Destatis print — distinct from this industrial-production miss.

Informational only. Not trading advice, signals, or a guarantee of any market outcome.