Germany real machinery and equipment index, adjusted
Germany real machinery and equipment index, adjusted stood at 101.21 in Q2 2026, according to Deutsche Bundesbank. It is one of the indicators in the Quarterly national accounts table (Value · Quarterly), with a complete series running from Q1 1991 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Quarterly national accounts table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic demand, calendar and seasonally adjusted | 108.73 | 108.59 | 108.92 | 108.35 | 108.17 | 107.37 | 107.28 | 106.66 | 105.55 | 105.39 | |
| Machinery and equipment, calendar and seasonally adjusted | 101.21 | 102.64 | 104.37 | 101.52 | 100.37 | 102.47 | 102.63 | 102.28 | 102.98 | 105.61 | |
| Premises, calendar and seasonally adjusted | 83.32 | 83.22 | 84.73 | 84.25 | 84.71 | 85.77 | 85.21 | 84.73 | 85.23 | 86.91 |
Understanding germany real machinery and equipment index, adjusted
The inflation-adjusted physical volume of corporate investment in movable capital goods, standardized as an index based to 2020. This line strips away price changes in industrial hardware, commercial vehicle fleets, and factory installations to reveal the actual quantity of new equipment deployed by enterprises. Distinct from construction assets, it specifically tracks the hardware upgrades that dictate future industrial capacity and labor productivity.
Extracting price effects from highly complex, rapidly evolving technology and machinery is mathematically demanding, making the specific capital goods deflators a frequent source of later revisions. The data is calendar and seasonally adjusted to remove factory downtime and varying working days, enabling precise quarter-on-quarter scrutiny of the corporate investment cycle. Reading this volume index provides a much clearer picture of industrial expansion than current-price equivalents, which can be artificially influenced by supply-chain bottlenecks and raw material costs. Shifts in the index serve as an early indicator of manufacturers altering capacity expectations in response to global headwinds.
Frequently asked questions
- How are technological advancements in new machinery accounted for in the volume index?
- Advanced hedonic price deflators adjust for hardware upgrades, ensuring that enhanced computing power or efficiency is recorded as a volume shift.
- Why track equipment volume separately from building structures?
- Movable capital hardware drives immediate labor productivity and industrial capacity, operating on a distinct cycle from slower real estate development.
- Why are early estimates for this series often revised?
- Extracting pure price effects from complex, rapidly evolving industrial hardware is mathematically demanding and relies on lagging specific capital goods deflators.