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Industrial production in Germany sees slight decline in August 2023

Upon revision of the data, July ****&#**;s production showed a decrease of *.* per cent compared to its preceding month, a slight adjustment from the provisional figure of minus *.* per cent.

A closer inspection of the industrial sectors reveals varying trends. Notably, energy production experienced a significant drop of *.* per cent in August ****, adversely impacting the overall industry performance. Conversely, intermediate goods saw a rise in production by *.* per cent. However, consumer goods did not fare as well, registering a decline of *.* per cent, as per Destatis.