• German industrial production rose more than expected in March

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7 tháng 5 2021

German industrial production rose more than expected in March

According to provisional data of the Federal Statistical Office (Destatis), in March 2021, production in industry was up by 2.5% on the previous month on a price, seasonally and calendar adjusted basis. Economists had expected a 2.3% increase. Compared with March 2020, the increase in calendar adjusted production in industry amounted to 5.1%.

Compared with February 2020, the month before restrictions were imposed due to the corona pandemic in Germany, production in March 2021 was 4.3% lower in seasonally and calendar adjusted terms.

In March 2021, production in industry excluding energy and construction was up by 0.7%. Within industry, the production of intermediate goods showed an increase of 1.2% and the production of consumer goods of 2.9%. The production of capital goods decreased by 0.4%. Outside industry, energy production was up by 2.4% in March 2021 and the production in construction increased by 10.8%.

In February 2021, the corrected figure on the production in industry showed a decrease of 1.9% (provisional: -1.6%) from January 2021.

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