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Development of output in the goods-producing sector in January 2017

2017-03-08 08:01:09

BMWi - Federal Ministry for Economic Affairs and Energy - Development of output in the goods-producing sector in January 2017

According to the Federal Statistical Office, output in the goods-producing sector expanded strongly in January, by 2.8% compared with the preceding month, following a similarly large drop in December. Industrial production rose by 3.7%.

In the two-month comparison of January/December against November/October, which is less susceptible to fluctuation, industrial output dropped by 0.7% and construction output by 2.3%. Production of consumer and capital goods also declined. The output of intermediate goods grew slightly, by 0.2%.

Overall, output in the goods-producing industries made a good start to 2017. It was able to make up for the clear drop at the end of 2016, which had presumably been caused by public holidays, and is higher than the average for the fourth quarter of 2016. Following a very strong final quarter, new orders in the manufacturing sector were weak in January. However, the survey-based indicators continue to signal a good business climate. Overall, therefore, industrial output is likely to continue to increase.

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