Economic Buzz: German Industrial Production Falls By 0.4% In October

7 Dec 2022 , 03:06 PM

According to provisional information from the Federal Statistical Office (Destatis), real (price-adjusted) production in the manufacturing sector of Germany fell slightly in October 2022 compared with September 2022 by a seasonally and calendar adjusted 0.1%, after having increased by 1. 1% (preliminary value: +0.6%). Compared to October 2021, production in October 2022 was unchanged after calendar adjustment. Industrial production (manufacturing industry excluding energy and construction) fell by a seasonally and calendar adjusted 0.4% in October 2022 compared with September 2022. Within industry, the production of capital goods increased by 1.4%. The production of consumer goods fell by 1.9% and the production of intermediate goods by 1.8%. Compared to October 2021, industrial production in October 2022 was a calendar-adjusted 0.8% higher. Outside industry, energy production was down 7.6% in October 2022. Construction output was 4.2% higher than in the previous month. Production in energy-intensive industries fell by 3.6% in October 2022 compared to September 2022. Compared to October 2021, production in the energy-intensive industrial sectors was 12.6% lower after calendar adjustments.Powered by Commodity Insights