Press Production in February 2021: -1.6% on the previous month

Production still 6% below pre-crisis level

Press release No. 176 of 9 April 2021

Production in industry
February 2021 (provisional):
-1.6% on the previous month (price, seasonally and calendar adjusted)
-6.4% on the same month a year earlier (price and calendar adjusted)

January 2021 (revised):
-2.0% on the previous month (price, seasonally and calendar adjusted)
-4.0% on the same month a year earlier (price and calendar adjusted)

WIESBADEN – In February 2021, production in industry was down by 1.6% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis).

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Compared with February 2020, which was the month before restrictions were imposed due to the corona pandemic in Germany, real production decreased by a calendar adjusted 6.4% in February 2021.

In February 2021, production in industry excluding energy and construction was down by 1.8%. Within industry, the production of capital goods showed a decrease of 3.2% and the production of intermediate goods of 1.0%. The production of consumer goods increased by 0.2%. Outside industry, energy production was down by 1.0% in February 2021 and the production in construction decreased by 1.3%.

In January 2021, the corrected figure on the production in industry showed a decrease of 2.0% (provisional: -2.5%) from December 2020.

The rates of change refer to the production index for industry (2015 = 100). Seasonal and calendar adjustment was made using the X-13 JDemetra+ method.

Basic data and long time series on the production index in industry are also available in the table "Index of production in manufacturing" (42153-0001) in the GENESIS-Online database

Methodological notes:
The differing comparative periods must be taken into account in all press releases on short-term indicators. Short-term economic monitoring focuses on comparisons with the previous month or previous quarter. These reflect short-term economic trends. A comparison with the previous year is intended to offer a long-term comparison of levels and is not subject to seasonal fluctuations. Due to strong temporary decreases and increases during the current coronavirus crisis, the results of month-on-month/quarter-on-quarter and year-on-year comparisons may differ considerably. Both of the two perspectives are important: what is the short-term economic trend compared with the previous month/previous quarter, and how far has the catching-up process gone compared with the previous year’s level? In order to provide also a direct comparison with the pre-crisis level, all press releases on short-term indicators available in seasonally adjusted form will, for the time being, include a comparison with February 2020 or the 4th quarter of 2019.

Crisis Monitor enables comparison between corona crisis and financial/economic crisis
The production index is also part of the "Crisis Monitor" (www.destatis.de/krisenmonitor), which is used by the Federal Statistical Office to compare the development of major short-term indicators between the corona crisis and the financial and economic crisis of 2008/2009. The "Crisis monitor" complements the "Corona statistics" webpage (www.destatis.de/corona), which has provided statistical information on the economic and social consequences of the corona pandemic.


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