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Production in July 2023: -0.8% on the previous month
According to preliminary information from the Federal Statistical Office (Destatis), real (price-adjusted) production in the manufacturing sector fell by 0.8% in July 2023 compared to June 2023, seasonally and calendar adjusted. In the less volatile three-month comparison, production from May to July 2023 was 1.9% lower than in the previous three months. In June 2023, after revision of the preliminary results, production fell by 1.4% compared to May 2023 (provisional value: -1.5%).Industrial production (manufacturing industry excluding energy and construction) decreased by 1.8% in July 2023 compared to June 2023, ... (full story)