• Germany industrial production fell sharply in June

Market news

7 August 2019

Germany industrial production fell sharply in June

According to provisional data of the Federal Statistical Office (Destatis), in June 2019, production in industry was down by 1.5% on the previous month on a price, seasonally and calendar adjusted basis. Economists had expected a 0.4% decrease. In Mai 2019, the corrected figure shows an increase of 0.1% (primary +0.3%) from April 2019.

In June 2019, production in industry excluding energy and construction was down by 1.8%. Within industry, the production of intermediate goods decreased by 2.0% and the production of capital goods by 1.8%. The production of consumer goods showed a decrease by 1.4%. Outside industry, energy production was down by 1.6% in June 2019 and the production in construction increased by 0.3%.

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