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Development of output in the goods-producing sector in June 2016

2016-08-08 08:47:33

According to the Federal Statistical Office [1], output in the goods-producing sector rose by 0.8% in price-, calendar- and seasonally adjusted terms [2] in June as compared to the previous month. A considerable rise in industrial output ( 1.5%) contrasted with a fall in the construction sector (-0.5%).

In the second quarter as a whole, output in the goods-producing industries declined by 1.0%. Industrial output fell by 0.7%. The quarterly comparison shows that construction output dropped sharply by 4.3%. In the second quarter, fewer intermediate goods (-0.9%) and capital goods (-0.9%) were produced in the industrial sector. In contrast, the manufacturers of consumer goods saw output rise ( 0.5%).

The weak development in the goods-producing sector in the second quarter is primarily due to weather-related shifts in production in the construction industry. This had been expected in view of the mild winter. The construction sector, however, continues to be characterised by a positive environment.

The output figures for June marked a positive conclusion to the second quarter. In view of the sluggish development in new industrial orders, a moderate uptrend is expected in the coming months. Companies in the manufacturing sector continue to assess the situation as positive.

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