Press release No. 322 of 7 July 2021
Production in industry
May 2021 (provisional):
-0.3% on the previous month (price, seasonally and calendar adjusted)
+17.3% on the same month a year earlier (price and calendar adjusted)
April 2021 (revised):
-0.3% on the previous month (price, seasonally and calendar adjusted)
+27.6% on the same month a year earlier (price and calendar adjusted)
WIESBADEN – In May 2021, production in industry was down by 0.3% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis). The increase in calendar adjusted production in industry amounted to 17.3%, compared with May 2020 when large parts of industry had markedly reduced production as a consequence of the coronavirus pandemic. Compared with February 2020, the month before restrictions were imposed due to the corona pandemic in Germany, production in May 2021 was 5.0% lower in seasonally and calendar adjusted terms.
In May 2021, production in industry excluding energy and construction was down by 0.5%. Within industry, the production of consumer goods showed an increase of 4.1% and the production of intermediate goods of 0.6%. The production of capital goods decreased by 3.4%. Outside industry, energy production was down by 2.1% in May 2021 and the production in construction increased by 1.3%.
In April 2021, the corrected figure on the production in industry showed a decrease of 0.3% (provisional: -1.0%) from March 2021.
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 in the table "Index of production in manufacturing" (42153-0001) in the GENESIS-Online database.
Methodological notes:
The differing comparative periods must be taken into account in all press releases on short-term indicators. Short-term economic monitoring focuses on comparisons with the previous month or previous quarter. These reflect short-term economic trends. A calendar adjusted comparison with the previous year is intended to offer a long-term comparison of levels and is not subject to seasonal fluctuations or calendar effects. Due to strong temporary decreases and increases during the current coronavirus crisis, the results of month-on-month/quarter-on-quarter and year-on-year comparisons may differ considerably. In order to provide also a direct comparison with the pre-crisis level, all press releases on short-term indicators available in seasonally adjusted form will, for the time being, include a comparison with February 2020 or the fourth quarter of 2019.
Crisis Monitor enables comparison between corona crisis and financial/economic crisis
The production index is also part of the "Crisis Monitor" (www.destatis.de/krisenmonitor), which is used by the Federal Statistical Office to compare the development of major short-term indicators between the corona crisis and the financial and economic crisis of 2008/2009. The "Crisis monitor" complements the "Corona statistics" webpage (www.destatis.de/corona), which has provided statistical information on the economic and social consequences of the corona pandemic.
