Production and processing show a slight decline
Output in the goods-producing sector decreased in November 2018 over the previous month. The manufacturing sector also saw a fall, although the volume of manufacturing orders was above the average.23 Jan. 2019 Barbara Rusch
The German Federal Ministry for Economic Affairs and Energy (BMWi) has published the November 2018 figures for the goods-producing and manufacturing sectors . The figures show that the goods-producing sector fell by 1.9% over the previous month. Industrial production fell by 1.8% and construction output by 1.7%, while energy generation saw a decline of 3.1%. The sharpest drop – at -4.1% – was recorded by manufacturers of consumer goods. The production of capital goods and intermediate goods declined by 1.8% and 1.0%, respectively.
New manufacturing orders also fell by 1.0%, whereby the proportion of large-scale orders was roughly average. Domestic orders and orders from outside the eurozone increased by 2.4% and 2.3%, respectively. In contrast, following a strong rise (+7.4% in October), orders from the eurozone dropped by 11.6%. In the October/November period, new manufacturing orders were around 0.5% above the average in the third quarter, which holds out good prospects for the industrial sector.
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