Cars: Industry increases production in June slightly

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The German industry increased its production despite adverse circumstances in June. The overall production increased by 0.4 percent for the previous month, as the Federal Statistical Office announced on Friday in Wiesbaden.

Containerterminal in Waltershof. Die deutsche Industrie konnte ihre Produktion in Juni leicht steigern. © Jonas Walzberg/dpa container terminal in Waltershof. German industry was able to increase its production slightly in June.

analysts, on the other hand, expected an average of 0.3 percent. In the entire second quarter, however, production decreased by 1.3 percent compared to the previous quarter, as the Federal Ministry of Economics announced.

Production is still affected by the high scarcity of preliminary products, commented on the Federal Statistical Office. "Designed supply chains as a result of the war in Ukraine and persistent faults by the Corona crisis still lead to problems with processing the orders."

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added to the Federal Ministry of Economics that the processing industry continued to recover from the shock of the Ukraine war and show resistance. Due to its export orientation, German industry is particularly affected by the trading sanctions against Russia. "Against the background of the reduced gas deliveries from Russia and the still high uncertainty through the war, the prospects for the second half of the year are steamed."

The development in June was mostly positive in detail. The production of goods in industry rose by 0.7 percent compared to May. Both more investment and input goods as well as more consumer goods were manufactured. Energy production stagnated while the activity on the construction was back.

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more and more economic data indicate that Germany is probably heading for an economic downturn. That should tighten - depending on how hard the winter becomes. © Christophe Gateau/dpa/picture Alliance Provided by Deutsche Welle for the fifth time in a row, the German Industry received fewer orders than in the respective previous month. In June, orders decreased by 0.4 percent compared to May. What looks like at first glance adds up to a minus of 5.6 percent in the second quarter.

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