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 Primary 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%.

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