Press Production in March 2020: -9.2% seasonally adjusted on the previous month

Press release No. 156 of 7 May 2020

March 2020 (provisional): production in industry
-9.2% on the previous month (price, seasonally and calendar adjusted)
-11.6% on the same month a year earlier (price and calendar adjusted)

February 2020 (revised): production in industry
+0.3% on the previous month (price, seasonally and calendar adjusted)
-1.8% on the same month a year earlier (price and calendar adjusted)

WIESBADEN – The production in Germany decreased significantly in March 2020 because of the coronavirus pandemic. In March 2020, production in industry was down by 9.2% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis). This is the largest decline since the beginning of the time series in January 1991.

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31.1% decline in the automotive industry

In March 2020, production in industry excluding energy and construction was down by 11.6%. Within industry, the production of intermediate goods decreased by 7.4% and the production of consumer goods by 7.5%. The production of capital goods showed a decrease by 16.5%. A sharp drop was recorded by the automotive industry (-31.1%). Printing and reproduction of recorded media (-12.5%), pharmaceutical products (-11.8%) and the clothing industry (-11.5%) also saw marked declines. Outside industry, energy production was down by 6.4% in March 2020 and the production in construction increased by 1.8%.

In February 2020, the corrected figure shows the production in industry an increase of 0.3% from January 2020, thus confirming the provisional result published in the previous month.

The rates of change refer to the production index for industry (2015 = 100). Seasonal and calendar adjustment was made using the X-13 JDemetra+ method.

Basic data and long time series on the production index in industry are also available through the table "Index of production in manufacturing" (42153-0001) in the GENESIS-Online database.

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