Overview
- Destatis reported that overall real production in the producing sector rose 0.7% month‑on‑month in September after seasonal and calendar adjustment.
- Industry output excluding energy and construction increased 1.7% month‑on‑month, driven largely by a 17.1% rebound in automotive production.
- Pharmaceuticals rose 8.0% month‑on‑month while construction fell 2.6% and machinery dropped 6.5%, showing mixed sectoral performance behind the headline gain.
- On a less volatile three‑month comparison, production in Q3 was 0.4% below Q2, and Destatis revised August figures and retrospectively corrected construction and other vehicle series back to January 2021 because of a technical calculation error.
- The economy ministry said high order books and fading special effects could support a year‑end recovery but warned that geopolitics and higher world energy prices pose clear risks to the outlook.