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09.04.2021 14:16

German industrial production fell sharply in February

According to provisional data of the Federal Statistical Office (Destatis), in February 2021, production in industry was down by 1.6% on the previous month on a price, seasonally and calendar adjusted basis. Economists had expected a 1.5% increase.

Compared with February 2020, which was the month before restrictions were imposed due to the corona pandemic in Germany, real production decreased by a calendar adjusted 6.4% in February 2021.

In February 2021, production in industry excluding energy and construction was down by 1.8%. Within industry, the production of capital goods showed a decrease of 3.2% and the production of intermediate goods of 1.0%. The production of consumer goods increased by 0.2%. Outside industry, energy production was down by 1.0% in February 2021 and the production in construction decreased by 1.3%.

In January 2021, the corrected figure on the production in industry showed a decrease of 2.0% (provisional: -2.5%) from December 2020.


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