Germany Industrial Production: significantly decreased again "because of the coronavirus pandemic"

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Germany Industrial Production: significantly decreased again "because of the coronavirus pandemic"

German industrial production plunged by nearly 18% in April compared with the previous month at the height of Europe's coronavirus lockdowns, official data showed Monday:
"The production in Germany decreased significantly again in April 2020 because of the coronavirus pandemic, after a marked decrease had been observed already in March. In April 2020, production in industry was down by 17.9% on the previous month on a price, seasonally and calendar adjusted basis according to provisional data of the Federal Statistical Office (Destatis). The calendar adjusted year-on-year decrease was as much as 25.3%. This is the largest decline since the beginning of the time series in January 1991."

"A sharp drop was recorded by the automotive industry (-74.6%)" - as added in the report provided by Federal Statistical Office of Germany.

official report..

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The spread of the coronavirus has an impact also on statistics production in Germany. The Federal Statistical Office () has taken all necessary measures to protect the staff members and maintain the production of statistics in important domains. Press releases 8 June 2020 Production in April 2020: -17.9% seasonally adjusted on the previous...
 
In principle, a drop of 18% at such a time is still a very good result. People’s activity is minimal, and this is how product sales have declined.
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