The downturn was led by a steep contraction in the automotive sector—Germany’s largest industrial branch—where production slumped 18.5 per cent month-on-month (MoM) due to annual plant closures and production changeovers, Destatis said in a press release.
Machinery and equipment manufacturing also dropped 6.2 per cent, following a strong 9.2 per cent rise in July.
Overall, the industrial production excluding energy and construction declined by 5.6 per cent from July. Capital goods production fell 9.6 per cent, consumer goods 4.7 per cent, and intermediate goods 0.2 per cent.
A modest bright spot emerged in energy-intensive branches, where production rose 0.2 per cent MoM. Yet, compared with August 2024, output in this category was still down 4 per cent, underlining ongoing weakness in Germany’s industrial base despite isolated signs of recovery, added the release.
ALCHEMPro News Desk (SG)
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