Half of all industrial business classes produced more in November than in the same month a year earlier. Of the eight largest sectors, the repair and installation of machinery realized the largest production increase, while the metal products industry recorded the largest decline.
For determining the short-term development of production, it is best to look at seasonally and calendar-adjusted figures. Production decreased by 0.5 percent from October to November.
Seasonally and calendar-adjusted production usually fluctuates significantly. Decreases and increases follow each other quickly. In May 2020, industrial production reached a low point. After that, an upward trend was set until May 2022. Since then, the trend has reversed.
Producers were less negative in December than a month earlier. The industrial producer confidence went from –1.7 in November to -1.1 in December. Producers were less negative about their order portfolio. Their judgment about expected activity and stocks of finished products changed little or not at all.
Producer confidence was above the average of the past 20 years of -1.3 in December. Confidence reached its highest value (10.4) in October 2021. The lowest value (-31.5) was recorded in April 2020.
In five of the eight underlying sectors, producer confidence deteriorated in December. Producers in the transport equipment industry are the most positive (2.3), while manufacturers in the textile, clothing and leather industry are the most negative (-4.5).
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