Economic Buzz: German Industrial Production Rises 0.4% In June

5 Aug 2022 , 03:05 PM

In June 2022, Germanys production in industry was up by 0.4% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis). A moderate decrease of 0.1% (provisional figure: +0.2%) was observed in May 2022 compared with April 2022. Compared with June 2021, the decrease in calendar adjusted production in industry amounted to 0.5%. In June 2022, production in industry excluding energy and construction was up by 0.7% in seasonally and calendar adjusted terms. Within industry, the production of capital goods was up by 1.0%. The production of consumer goods increased by 1.1% and the production of intermediate goods was up by 0.3%. Outside industry, energy production in June 2022 corresponded with 0.0% to the previous month. Production in construction in June 2022 was down by 0.8% on the previous month.Powered by Commodity Insights