Home breadcru News breadcru Industrial breadcru German industrial production down by 0.1% in Oct 2022 on Sep

German industrial production down by 0.1% in Oct 2022 on Sep

09 Dec '22
1 min read
Pic: Shutterstock
Pic: Shutterstock

Industrial production in real terms in Germany was down by 0.1 per cent in October this year on September on a price-, seasonally- and calendar-adjusted basis, according to provisional data of the Federal Statistical Office (Destatis). A rise of 1.1 per cent (provisional figure is 0.6 per cent) was observed in September compared with August.

Calendar-adjusted production remained unchanged in October this year compared to the same month last year.

In October this year, production in industry excluding energy and construction was down by 0.4 per cent in seasonally- and calendar-adjusted terms compared with September. Compared with the same month last year, the increase in the same was 0.8 per cent.

Outside industry, energy production in October this year was down by 7.6 per cent.

In contrast to the overall industry, production in the energy-intensive industrial branches declined by 3.6 per cent in October this year compared with September, Destatis said in a release.

ALCHEMPro News Desk (DS)

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