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- German industrial production unexpectedly declined in April
German industrial production unexpectedly declined in April
According to provisional data of the Federal Statistical Office (Destatis), in April 2021, production in industry was down by 1.0% on the previous month on a price, seasonally and calendar adjusted basis. Economists had expected a 0.5% increase. Compared with April 2020, the increase in calendar adjusted production in industry amounted to 26.4%, when many enterprises had reduced, or temporarily stopped production. Compared with February 2020, the month before restrictions were imposed due to the corona pandemic in Germany, production in April 2021 was 5.6% lower in seasonally and calendar adjusted terms.
In April 2021, production in industry excluding energy and construction was down by 0.7%. Within industry, the production of consumer goods showed a decrease of 3.3% and the production of intermediate goods of 0.2%. The production of capital goods decreased by 0.1%. Outside industry, energy production was up by 6.0% in April 2021 and the production in construction decreased by 4.3%.
In March 2021, the corrected figure on the production in industry showed an increase of 2.2% (provisional: +2.5%) from February 2021.
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