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German production in June 2024: +1.4% compared to the previous month
According to preliminary data from the Federal Statistical Office (Destatis), real (price-adjusted) production in the manufacturing sector rose by 1.4% in June 2024 compared to May 2024, adjusted for seasonal and calendar effects. In the less volatile three-month comparison, production in the 2nd quarter of 2024 was 1.3% lower than in the 1st quarter of 2024. In May 2024, production fell by 3.1% compared to April 2024 after revision of the preliminary results (preliminary value: -2.5%). Compared to the same month last year, June 2023, production in June 2024 was 4.1% lower, adjusted for calendar effects. The positive ... (full story)