Press release No. 012 of 8 January 2021

Production in industry
November 2020 (provisional):
+0.9% on the previous month (price, seasonally and calendar adjusted)
-2.6% on the same month a year earlier (price and calendar adjusted)

October 2020 (revised):
+3.4% on the previous month (price, seasonally and calendar adjusted)
-2.7% on the same month a year earlier (price and calendar adjusted)

WIESBADEN – In November 2020, production in industry was up by 0.9% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis). Compared with November 2019, the decrease in calendar-adjusted production in industry amounted to 2.6%.

Compared with February 2020, the month before restrictions were imposed due to the corona pandemic in Germany, production in November 2020 was 3.8% lower in seasonally and calendar adjusted terms.

In November 2020, production in industry excluding energy and construction was up by 1.2%. Within industry, the production of intermediate goods showed an increase by 2.4% and the production of capital goods by 1.3%. The production of consumer goods decreased by 1.7%. Outside industry, energy production was down by 3.9% in November 2020 and the production in construction increased by 1.4%.

In October 2020, the corrected figure on the production in industry shows an increase of 3.4% (provisional: +3.2%) from September 2020.

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.

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 comparison with the previous year is intended to offer a long-term comparison of levels and is not subject to seasonal fluctuations. During the current coronavirus crisis, the strong decreases especially in March/April 2020 and the emerging recovery may produce highly different results for the comparison with the previous month/previous quarter and the comparison with the previous year. Both of the two perspectives are important: what is the short-term economic development compared with the previous month/previous quarter and how far has the catching-up process gone compared with the previous year’s level? 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 from now on include a comparison with February 2020 or the 4th quarter of 2019.

Crisis Monitor allows comparison between corona crisis and and financial and 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.