Industrial Production in Germany Increased By 1.1% MoM in January

08 March 2024

Production in industry in real terms (price adjusted) was up 1.0% in January 2024 month on month after seasonal and calendar adjustment, according to provisional data provided by the Federal Statistical Office (Destatis). The less volatile three-month on three-month comparison showed that production was 1.5% lower in the period from November 2023 to January 2024 than in the previous three months. After revision of the provisional results, production decreased by 2.0% in December 2023 compared with November 2023 (provisional figure: -1.6%). Compared with January 2023, production was 5.5% lower after adjustment for calendar effects. In January 2024, production in industry excluding energy and construction was up 1.1% from December 2023 after seasonal and calendar adjustment.

Source: Destatis
Post by: Republic of Türkiye Ministry of Trade