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- German industrial production unexpectedly rose in August
German industrial production unexpectedly rose in August
According to provisional data of the Federal Statistical Office (Destatis), in August 2019, production in industry was up by 0.3% on the previous month on a price, seasonally and calendar adjusted basis. Economists had expected a 0.1% decrease. In July 2019, the corrected figure shows a decrease of 0.4% (primary -0.6%) from June 2019.
In August 2019, production in industry excluding energy and construction was up by 0.7%. Within industry, the production of intermediate goods increased by 1.0% and the production of capital goods by 1.1%. The production of consumer goods showed a decrease by 1.0%. Outside industry, energy production was down by 1.7% in August 2019 and the production in construction decreased by 1.5%.
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