Market news
07.07.2021, 06:15

German industrial production unexpectedly declined in May

According to provisional data of the Federal Statistical Office (Destatis), in May 2021, production in industry was down by 0.3% on the previous month on a price, seasonally and calendar adjusted. Economists had expected a 0.5% increase. 

The increase in calendar adjusted production in industry amounted to 17.3%, compared with May 2020 when large parts of industry had markedly reduced production as a consequence of the coronavirus pandemic. Compared with February 2020, the month before restrictions were imposed due to the corona pandemic in Germany, production in May 2021 was 5.0% lower in seasonally and calendar adjusted terms.

In May 2021, production in industry excluding energy and construction was down by 0.5%. Within industry, the production of consumer goods showed an increase of 4.1% and the production of intermediate goods of 0.6%. The production of capital goods decreased by 3.4%. Outside industry, energy production was down by 2.1% in May 2021 and the production in construction increased by 1.3%.

In April 2021, the corrected figure on the production in industry showed a decrease of 0.3% (provisional: -1.0%) from March 2021.

© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location