According to the report from the Federal Statistical Office (Destatis), in November 2020, production in industry was up by 0.9% on the previous month on a price, seasonally and calendar adjusted basis. 

Economists had expected a 0.7% increase. Compared with November 2019, the decrease in calendar-adjusted production in industry amounted to 2.6%.

Compared with February 2020, the month before restrictions were imposed due to the corona pandemic in Germany, production in November 2020 was 3.8% lower in seasonally and calendar adjusted terms.

In November 2020, production in industry excluding energy and construction was up by 1.2%. Within industry, the production of intermediate goods showed an increase by 2.4% and the production of capital goods by 1.3%. The production of consumer goods decreased by 1.7%. Outside industry, energy production was down by 3.9% in November 2020 and the production in construction increased by 1.4%.

In October 2020, the corrected figure on the production in industry shows an increase of 3.4% (provisional: +3.2%) from September 2020.