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

2016-09-07 08:30:58

According to the Federal Statistical Office [1], output in the goods-producing sector fell by 1.5% in price-, calendar- and seasonally adjusted terms [2] in July as compared to the previous month. This was due to a 2.3% decline in industrial output, whilst construction output rose by 1.8%.

In the two-month comparison [3], which is less susceptible to fluctuation, output in the goods-producing industries dropped marginally (-0.1%) and industrial production was down slightly more (-0.4%). Over the same period, construction output rose by 1.1%.

The good situation in the construction sector is now likely to become more obvious again following the smaller pick-up in activity in the spring due to the mild winter. In contrast, the industrial companies are continuing to hold back in view of the sluggish development on the global sales markets.

[1] Press release by the Federal Statistical Office of 7th September 2016. [2] Preliminary data; Census X-12-ARIMA seasonal adjustment method. [3] June/July compared to April/May.

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