Production in industry
August 2023 (in real terms, provisional):
-0.2% on the previous month (seasonally and calendar adjusted)
-2.0% on the same month a year earlier (calendar adjusted)
July 2023 (in real terms, revised):
-0.6% on the previous month (seasonally and calendar adjusted)
-1.7% on the same month a year earlier (calendar adjusted)
Production in industry in real terms (price adjusted) was down 0.2% in August 2023 month on month after seasonal and calendar adjustment, according to provisional data provided by the Federal Statistical Office (Destatis). The less volatile three-month on three-month comparison showed that production was 1.9% lower in the period from June to August 2023 than in the previous three months. After revision of the provisional data, production in July 2023 decreased by 0.6% compared with the previous month (provisional figure: -0.8%).
Different developments can be observed in the economic sectors of industry. A drop in production in construction (-2.4% on the previous month, seasonally and calendar adjusted) and in energy production (-6.6%) had a negative impact on overall performance in August 2023. The decline observed in the manufacture of machinery and equipment by 2.3% was also an important contributor to the overall result. By contrast, the growth in production in the automotive industry (+7.6%) had a positive impact on overall performance. This follows a decline of 9.4% in this sector in July 2023.
In August 2023, production in industry excluding energy and construction was up 0.5% from July 2023 after seasonal and calendar adjustment. The production of capital goods rose by 1.3% and that of intermediate goods by 0.5%. The production of consumer goods declined by 1.4%.
Compared with August 2022, production in industry was down 2.0% in August 2023 after adjustment for calendar effects. Production in industry excluding energy and construction decreased by 0.7% over the same period.
Source: DESTAIS
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