Industrial Production in Germany increased 1.20 percent in May of 2025 over the previous month. This dataset provides the latest reported value for - Germany Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Industrial Production Index (IPI) fell sharply in the United States during the Great Recession, reaching its lowest point in June 2009. The recession was triggered by the collapse of the U.S. housing market and the subsequent financial crisis in 2007 and 2008, during which a number of systemically critical financial institutions failed or came close to bankruptcy. The crisis in the financial sector quickly spread to the non-financial economy, where firms were adversely hit by the tightening of credit conditions and the drop in consumer confidence caused by the crisis. The largest monthly drop in the IPI came in September 2008, as Lehman Brothers collapsed and the U.S. government was forced to step in to backstop the financial sector. Industrial production would begin to recover in the Summer of 2009, but remained far below its pre-crisis levels.

Throughout the Great Depression, the Soviet Union's isolation and removal from the capitalist system meant that its industrial production grew by more than 300 percent between 1929 and 1938, compared to the relatively low figures across the rest of Europe and the U.S. The Soviet Union was the only country of those listed whose industrial output did not fall in the years immediately following the Wall Street Crash of 1929. The U.S. and Germany, conversely, saw industrial production fall by 45 and 41 percent, respectively, although they had the fourth and second highest growth rates of the period between 1932 and 1938.

Industrial Production in Israel increased 11.40 percent in April of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Israel Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Germany Industrial Production Index Growth

• Germany Industrial production fell 1.5 % YoY in Jan 2025, following a drop of 2.3 % YoY in the previous month.
• Germany Industrial production index growth rate YoY data is updated monthly, available from Jan 1959 to Jan 2025, with an average rate of 2.3 %.
• The data reached an all-time high of 29.8 % in Apr 2021 and a record low of -25.4 % in Apr 2020.

CEIC calculates monthly Industrial Production Index Growth from monthly Industrial Production Index. Statistisches Bundesamt provides Industrial Production Index with base 2021=100. Industrial Production Index Growth prior to January 1992 is calculated from Industrial Production Index with base 2010=100 sourced from the International Monetary Fund.

The Great Depression of the early twentieth century is widely considered the most devastating economic downturn that the developed world has ever seen. Industrial output was severely affected across Europe, and in Germany alone, it fell to just 58 percent of its pre-Depression level by 1932. Other Central European countries, such as Austria and Czechoslovakia, also saw their output fall to just sixty percent of their pre-Depression levels, while output in Western and Northern Europe declined by much less. By 1937/8, almost a decade after the Wall Street Crash, most of these countries saw their industrial output increase above its pre-Depression level. Germany saw its output increase to 132 percent of its 1928 output, as it emerged as Europe's strongest economy shortly before the beginning of the Second World War.

Industrial production grew significantly in the 1960s, with Japan's output alone growing by an average of 13.6 percent each year. Growth in the U.S. and Western Europe grew at a relatively slower rate of 4.9 percent each year, however figures were much closer between Japan and the West in the 1970s and 1980s. The recession of 1973-1975 saw industrial output drop significantly across most of the countries shown, and growth rates among the major powers dropped again in the subsequent decade. There were, however, several southern European countries maintained growth rates of over five percent in the 1970s, while Ireland recorded its highest growth in the 1980s; the reason for these discrepancies is due to the fact that industrialization in Ireland and the Mediterranean countries began at a much later stage than the likes of France or Germany.

Industrial Production in Italy decreased 0.70 percent in May of 2025 over the previous month. This dataset provides the latest reported value for - Italy Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Mexico Industrial Production Index Growth

• Mexico Industrial production fell 3.3 % YoY in Oct 2024, following a drop of 0.1 % YoY in the previous month.
• Mexico Industrial production index growth rate YoY data is updated monthly, available from Jan 1981 to Oct 2024, with an average rate of 2.2 %.
• The data reached an all-time high of 36.9 % in Apr 2021 and a record low of -29.6 % in Apr 2020.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. The National Institute of Statistics and Geography provides Industrial Production Index with base 2018=100. Industrial Production Index Growth prior to January 1994 is calculated from Industrial Production Index with base 2010=100 sourced from the International Monetary Fund.

Industrial output in Germany increased by 7.8 percent in May 2020, following a 17.5 percent month-on-month decrease in April. This huge fall in industrial output seen in April was the result of Coronavirus pandemic and subsequent social distancing measures taken by the German government.

Industrial output across the OECD fell by significant amount between the 1960s and 1970s, when annual averages are compared. Overall, the OECD saw industrial output grow by almost six percent in each year between 1960 and 1970, whereas this growth fell to just 3.5 percent per year between 1971 and 1978. The largest individual decline of the major economies was observed in Japan, who saw a difference of nine percent between the two periods. The largest proportional decline of the given countries, however, was observed in Switzerland, where annual industrial output between 1971 and 1978 was less than one tenth of the rate in the previous period. The primary reason for this decline was due to the 1973-1975 recession that resulted from the oil embargo of 1973, which highlighted the developed world's increasing dependency on foreign oil imports. This recession also marked the end of the post-war economic boom, but saw the transition of economies such as Japan, West Germany, and wider European Economic Community in general (i.e. the predecessor to the EU) into global economic powers.

Industrial Production in Russia increased 1.80 percent in May of 2025 over the same month in the previous year. This dataset provides - Russia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Estonia Industrial Production Index Growth

• Estonia Industrial production fell 15.1 % YoY in Apr 2023, following a drop of 12.6 % YoY in the previous month.
• Estonia Industrial production index growth rate YoY data is updated monthly, available from Jan 1999 to Apr 2023, with an average rate of 5.9 %.
• The data reached an all-time high of 37.0 % in Oct 2010 and a record low of -32.9 % in Apr 2009.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. Statistics Estonia provides Industrial Production Index with base 2015=100. Industrial Production Index Growth prior to January 2001 is calculated from Industrial Production Index with base 2000=100 based on EMTAK 2003/NACE Rev. 1.

Industrial Production in Armenia decreased 5.90 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Armenia Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Syria Industrial Production Index Growth

• Syria Industrial production fell 11.1 % YoY in Dec 2022, following a drop of 10.0 % YoY in the previous year.
• Syria Industrial production index growth rate YoY data is updated yearly, available from Dec 1966 to Dec 2022, with an average rate of 3.3 %.
• The data reached an all-time high of 20.4 % in Dec 1969 and a record low of -12.5 % in Dec 2016.

CEIC calculates annual Industrial Production Index Growth from annual Industrial Production Index. The Central Bureau of Statistics provides Industrial Production Index with base 2010=100. Industrial Production Index covers Public sector only. Industrial Production Index Growth prior to 2014 is calculated from Industrial Production Index with base 2000=100. Industrial Production Index Growth prior to 1998 is sourced from the International Monetary Fund.

From the 1920s until the Second World War, industrial output in the major economies of the Americas fluctuated greatly. Using manufacturing output in 1938 as a benchmark, the U.S. had fairly consistent output throughout the 1920s, before there was a significant drop after the Wall Street Crash in 1929 - by 1932, output fell to around two thirds of its 1929 level, and it would take another five years to recover thereafter. After the Recession of 1937-38, manufacturing output then doubled by the early-1940s, as the U.S. ramped up armament before it joined the Second World War. Output in 1943 was almost three times higher than it had been in 1938.

Canada's industrial output followed a similar trend to that of the U.S., whereas Mexico saw comparatively little change across the given period. Similar to Mexico, Brazil's manufacturing output was not drastically affected by the Great Depression, although Brazil saw the largest relative growth over the given period, with output in 1944 over five times higher than it had been in the mid-1920s - it should be noted, however, that both Latin American countries' manufacturing industries were at a much lower stage of development than the North American industries during this time.

Key information about Norway Industrial Production Index Growth

• Norway Industrial production fell 5.1 % YoY in Apr 2023, following a drop of 6.0 % YoY in the previous month.
• Norway Industrial production index growth rate YoY data is updated monthly, available from Jan 1991 to Apr 2023, with an average rate of 0.9 %.
• The data reached an all-time high of 16.1 % in Jun 1994 and a record low of -13.2 % in Sep 2016.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. Statistics Norway provides Industrial Production Index with base 2005=100.

Industrial Production in Mexico decreased 0.80 percent in May of 2025 over the same month in the previous year. This dataset provides - Mexico Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The recession of 1973-1975 saw the annual growth of industrial output plummet in most developed economies. Japan in particular saw its growth fall from highs of almost 16 percent in 1973 to a negative of -10 percent in 1975. Massive industrialization in developed economies in the 1950s and 1960s led to a higher demand for fossil fuels, with growth eventually relying on foreign oil imports from the Middle East. When the Arab OPEC countries placed an embargo on Israel's allies (or perceived allies) during the 1973 Arab-Israeli War, oil prices soared and the western dependency on Arab oil became evident.

In November 2024, industrial production in Italy overall decreased by 1.5 percent compared to November 2023. Manufacturing of transport equipments and petroleum products recorded a drop by more than ten percent. On the contrary, electricity, and pharmaceuticals registered the highest growth rates. Impact on consumption and production The spring of 2020 recorded a very sharp decrease in industrial production and consumption. In terms of industrial production, some of the most impacted sectors by the coronavirus were the manufacture of textiles, apparel, leather, and accessories, as well as the manufacture of transport equipment. Similarly, consumption volume increased in March 2021 compared to one year ago. During the pandemic, the sectors of air transportation and leisure activities saw some of the largest drops in consumption. Recovery after COVID-19 Italy's economy has been strongly hit by the coronavirus pandemic, with Italy's GDP dropping consistently in 2020. Additionally, Italian exports are estimated to have decreased by over 15 percent. However, 2021 seems to be a year of recovery. The GDP is estimated to grow from three to four percent. The exports and imports are going to increase as well. Nevertheless, the next two years might experience an increase in unemployment rate, particularly during 2021.