Germany intermediate goods production index
Germany intermediate goods production index stood at 83.5 in Aug 2026, according to Deutsche Bundesbank. It is one of the indicators in the Industrial production, turnover and productivity table (Value · Monthly), with a complete series running from Jan 1991 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Industrial production, turnover and productivity table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Industry | 90.7 | 90.2 | 92.1 | 92 | 91.2 | 91.1 | 91.6 | 91.6 | 92.6 | 93.7 | |
| Intermediate and capital goods | 90.5 | 90 | 91.7 | 91.9 | 91.1 | 91.4 | 91.7 | 91.5 | 92.6 | 94 | |
| Intermediate goods | 83.5 | 83.7 | 84.2 | 85.1 | 85.3 | 84.1 | 83.7 | 83.1 | 83.5 | 84.1 |
Understanding germany intermediate goods production index
Acting as the barometer for the earliest stages of the manufacturing supply chain, this index isolates the production of parts, components, and semi-finished materials. It maps the output of goods that are explicitly designed to be transformed or incorporated into other products. Distinguishing itself from finished capital or consumer items, this category encompasses basic chemicals, wood products, processed metals, electronic components, and packaging materials. This specific series tracks the industrial connective tissue—items leaving one factory gate only to immediately enter another—making it the definitive measure of underlying production pipeline health rather than final end-user demand.
Month-on-month assessments are heavily utilised to detect the earliest signs of supply chain bottlenecks or inventory accumulation, provided seasonal patterns are adequately smoothed. The initial flash estimates are routinely subjected to revisions as complex, multi-tiered supplier networks submit delayed production reports. Because these goods sit at the very start of the production cycle, this metric frequently acts as a leading indicator, reacting to shifts in order books well before final assembly lines slow down. The 2021=100 base index accounts for long-term structural shifts in material usage. Year-on-year analysis demands strict working-day adjustments to eliminate calendar anomalies.
Frequently asked questions
- What exactly is classified as an intermediate good?
- These are semi-finished products, parts, and basic materials that require further processing or assembly by another business before becoming a final product.
- Why is this considered a leading indicator for the broader factory sector?
- Manufacturers adjust their orders for basic components and raw materials at the very first sign of shifting final demand.
- Are complete industrial machines included in this category?
- No, finished machinery used to manufacture other items is classified separately under capital goods.