Federal statistical office: German industry continues to recover from the Corona of the break-in

Federal Statistical Office
German industry continues to recover from the Corona of the break-in

The German industry has recovered in September with a further increase in production from the Corona break-in.

The total production was 1.6 percent higher than in the previous month, as the Federal Statistical office in Wiesbaden announced. The increase follows on a rise of a revised 0.5 percent in the previous month, but missed expectations. Analysts had expected on average with a Plus of 2.5 per cent.

How heavy is the Corona-crisis still weighs, shows the comparison with the same month last year. Compared to September 2019, the production was still 7.3 percent lower. Also, the pre-crisis level is still far from being achieved: as Compared with February, as the pandemic in Germany had not yet been reached, produced the company’s 8.4 percent less.

By sector, the goods manufacturing industry was 2.0 percent, while the construction sector increased its emissions by 1.5 percent. The energy production decreased by 2.5 percent. Within the industry, the production increased consistently: Intermediate, investment and consumer goods were produced, more than in the previous month.

Throughout the third quarter, the industry recovered significantly from the slump in the spring. The total production increased, according to data of the Federal Ministry for economic Affairs in the summer of 10.7 percent. Particularly strong production thrust in the automotive industry, which produced almost 70 percent more. There, the burglar in the spring had it been particularly drastic.