Source: iStock.com/Tony Tremblay

© iStock.com/Tony Tremblay

According to the Federal Statistical Office, [1] output in the goods-producing sector fell by 1.5% in June compared with the preceding month. [2] While industrial output decreased by 1.8%, construction output grew by 0.3%. Within industry, output fell in all the three main groupings, i.e. intermediate, capital and consumer goods.

The second quarter saw output in the goods-producing sector decline by 1.8% compared with the preceding quarter. There was a fall in output in industry (-1.7%), the construction sector (-1.1%) and energy generation (-5.9%). The decline in industry in the second quarter was primarily due to a fall in the sectors of metal production, mechanical engineering and motor vehicles.

Economic activity in industry continues to point downwards. The decline in seasonally adjusted construction output in the second quarter is likely to be primarily due to the fact that in the first quarter construction output fell by less than is usual for the time of year and the recovery in spring was thus less pronounced. As regards energy generation, domestic output has increasingly been substituted by imports.

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[1] Press release by the Federal Statistical Office of 7 August 2019.
[2] All figures are based on provisional data and have been adjusted for price, calendar day and seasonal factors (X13 JDemetra+ procedure).