July 2023 (in real terms, revised):
-0.6% on the previous month (seasonally and calendar adjusted)
-1.7% on the same month a year earlier (calendar adjusted)

Production in industry in real terms (price adjusted) was down 0.2% in August 2023 month on month after seasonal and calendar adjustment, according to provisional data provided by the Federal Statistical Office (Destatis). The less volatile three-month on three-month comparison showed that production was 1.9% lower in the period from June to August 2023 than in the previous three months. After revision of the provisional data, production in July 2023 decreased by 0.6% compared with the previous month (provisional figure: -0.8%).

Different developments can be observed in the economic sectors of industry. A drop in production in construction (-2.4% on the previous month, seasonally and calendar adjusted) and in energy production (-6.6%) had a negative impact on overall performance in August 2023. The decline observed in the manufacture of machinery and equipment by 2.3% was also an important contributor to the overall result. By contrast, the growth in production in the automotive industry (+7.6%) had a positive impact on overall performance. This follows a decline of 9.4% in this sector in July 2023.

In August 2023, production in industry excluding energy and construction was up 0.5% from July 2023 after seasonal and calendar adjustment. The production of capital goods rose by 1.3% and that of intermediate goods by 0.5%. The production of consumer goods declined by 1.4%.

Compared with August 2022, production in industry was down 2.0% in August 2023 after adjustment for calendar effects. Production in industry excluding energy and construction decreased by 0.7% over the same period.

Source: DESTAIS
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ND-PPI monthly decreased by 0.18% in the index for mining and stone quarrying and increased by 0.05% in the index for manufacturing.

Non-domestic producer price index, annual change on same month of the previous year, 2016-2017
[2010=100]
The highest monthly increase was in coke and refined petroleum products
The highest rates of monthly increase by sub divisions of industry were indices for coke and refined petroleum products by 5.99%, for chemicals and chemical products by 1.47%, and for metal ores by 1.21%. On the other hand the highest rates of monthly decrease in ND-PPI by sub divisions of industry were indices for printing and recording services by 3.22%, for beverages by 2.20% and for wearing apparel by 1.60%.

The highest monthly increase in main industrial groupings was in energy goods
According to main industrial groupings classification, the highest rates of monthly and annual increases were in energy goods in April 2017.

Non-domestic producer price index and rate of changes, April 2017
[2010=100]

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Nominal exports will amount to $1.8 billion at the growth rate of 7.1% due to a 3.1% increase in the supply of incandescent lamps, 11.1% – glass, 14.9% – cotton-fiber.

Imports will amount to about $4.2 billion at the growth rate of 102.4%, which will be achieved by the growth in natural gas supplies by 12.1%, intermediate goods, and consumer goods.

The negative balance of exports and imports of goods will amount to $2.4 billion.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.