Press Production in August 2021: -4.0% on the previous month

Production 9.0% below pre-crisis level

Press release No. 472 of 7 October 2021

Production in industry
August 2021 (provisional):
-4.0% on the previous month (price, seasonally and calendar adjusted)
+1.7% on the same month a year earlier (price and calendar adjusted)
July 2021 (revised):
+1.3% on the previous month (price, seasonally and calendar adjusted)
+6.0% on the same month a year earlier (price and calendar adjusted)

WIESBADEN – In August 2021, production in industry was down by 4.0% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis). Compared with August 2020, the increase in calendar adjusted production in industry amounted to 1.7%. Compared with February 2020, the month before restrictions were imposed due to the corona pandemic in Germany, production in August 2021 was 9.0% lower in seasonally and calendar adjusted terms.

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In August 2021, production in industry excluding energy and construction was down by 4.7%. Producers continue to report about the production being constrained by a shortage of supply of intermediate products. Within industry, the production of capital goods showed a decrease of 7.8%.

The manufacture of motor vehicles, trailers and semi-trailers dropped by 17.5% in August on July, the manufacture of machinery and equipment was down 6.3% on a month earlier. The production of consumer goods declined by 2.6% and that of intermediate goods by 2.4%.

Outside industry, energy production was up by 4.1% in July 2021 and the production in construction decreased by 3.1%.

In July 2021, the corrected figure on the production in industry showed an increase of 1.3% (provisional: +1.0%) from June 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.

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