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- German industrial production remained unchanged in December
German industrial production remained unchanged in December
According to the report from the Federal Statistical Office (Destatis), in December 2020, production in industry remained unchanged on the previous month on a price, seasonally and calendar adjusted basis. Economists had expected a 0.3% increase. Compared with December 2019, the decrease in calendar adjusted production in industry amounted to 1.0%.
Compared with February 2020, the month before restrictions were imposed due to the coronavirus pandemic in Germany, production in December 2020 was 3.6% lower in seasonally and calendar adjusted terms. In 2020, production in industry was 8.5% lower in calendar adjusted terms than in the previous year.
In December 2020, production in industry excluding energy and construction was up by 0.9%. Within industry, the production of intermediate goods showed an increase of 2.0% and the production of consumer goods of 2.6%. The production of capital goods decreased by 0.5%. Outside industry, energy production was down by 2.9% in December 2020, while production in construction was up by 3.2%.
In November 2020, the corrected figure on the production in industry showed an increase of 1.5% (provisional: +0.9%) on October 2020.
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