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Production in October 2023: -0.4% on the previous month
Production in industry in real terms (price adjusted) was down 0.4% in October 2023 month on month after seasonal and calendar adjustment, according to provisional data provided by the Federal Statistical Office (Destatis). Production therefore decreased for the fifth month in succession. The less volatile three-month on three-month comparison showed that production was 1.9% lower in the period from August to October 2023 than in the previous three months. After revision of the provisional results, production decreased by 1.3% in September 2023 compared with August 2023 (provisional figure: -1.4%).The decline ... (full story)