10月7日——官方数据显示，尽管莱茵河水位偏低导致航运受阻，但在建筑业和机械制造业强劲表现的带动下，8月份德国工业产值增幅超出预期。
Oct 7 - German industrial production rose more than expected in August despite disruptions to Rhine shipping caused by low water levels, driven by stronger activity in construction and machinery production, official data showed on Wednesday.
德国工业部门正受益于国防开支的增加以及包括人工智能在内的数字化进程。
The industrial sector is benefiting from Germany's rising defence spending, as well as digitalization, including artificial intelligence.
8月份工业产值环比增长2.0%，这一增幅为2025年3月以来最高水平，也远高于路透社调查分析师所预期的0.5%。该增幅有效抵消了7月份经修正后的1.2%降幅。
Output rose 2.0% from the previous month, the strongest increase since March 2025 and well above the 0.5% rise forecast by analysts polled by Reuters. The increase more than offset a revised 1.2% decline in July.
“这一结果着实令人意外，”VP银行首席经济学家托马斯·吉策尔说道，“考虑到德国境内河流水位偏低对供应链造成的负面影响，工业产值出现下滑本在预料之中。因此此次增长更显珍贵。”据德国联邦统计局介绍，这一增长主要得益于建筑业产值的9.3%增幅，尤其是专业施工与装修行业表现突出。
"This comes as a major surprise," said Thomas Gitzel, chief economist at VP Bank. "Given the low water levels on German rivers and the resulting negative impact on supply chains, a decline in production could not have been ruled out. This makes the increase in output all the more welcome." The increase was driven by a 9.3% rise in construction output, led by specialised construction and finishing trades, the federal statistics office said.
若剔除能源与建筑业因素，单纯工业产值也增长了0.6%，这主要得益于机械及设备制造业5.3%的增幅。
Industrial output alone, excluding energy and construction, rose by 0.6%, supported by a 5.3% increase in machinery and equipment production.
不过汽车产业则再度出现5.4%的下滑。据德国汽车工业协会称，部分原因在于今年8月份季节性工厂停产现象比2025年同期更为严重。
The automotive industry recorded another decline of 5.4%. According to auto industry association VDA, this was partly due to seasonal factory shutdowns falling more heavily in August this year than in the same month of 2025.
吉策尔指出，9月份汽车产业有望出现反弹，进而推动整体工业产值再度实现正增长。
Catch-up effects are likely to occur in the automotive industry in September, which could push industrial production once again into positive territory, Gitzel said.
他补充道：“2026年德国国内生产总值实现超过1%的增长可能性很大。”
"There is a good chance that German gross domestic product will grow by more than 1% in 2026", he added.
作为数字化进程的重要组成部分，人工智能同样为德国工业发展提供了助力。德国复兴信贷银行经济学家塞巴斯蒂安·万克表示：“这一趋势表明，围绕人工智能与数据中心的繁荣浪潮也已波及德国。”
Digitalization, of which AI is a part, is also helping the industrial sector. "This development shows that the boom surrounding AI and data centers has reached Germany, too," said KfW economist Sebastian Wanke.
波动幅度较小的三个月数据对比显示，6月至8月期间的产量较此前三个月增长了0.4%。
The less volatile three-month comparison showed that production was 0.4% higher in the period from June to August than in the previous three months.
经日历效应调整后，与2025年8月相比，产量则增长了2.3%。
Compared with August 2025, production was up 2.3% after adjusting for calendar effects.