According to provisional data provided by the German Statistical Office, in January this year turnover generated by the German processing industry dropped by 20.0% as compared to January last year. This is the biggest drop since the indicator was first calculated in 1991. On December 2008 turnover (in real terms) fell by 6.6% after adjustment for season calendar.
Comparison with January 2008
Turnover generated within Germany decreased by 16.6 % and that generated abroad by 23.8 % (Eurozone -21.7 %, non-Eurozone countries -25.6 %).
The biggest drop in turnover was registered among car manufacturers and manufacturers of accessories for motor vehicles (-34.3 %) with domestic turnover falling by 25.2 % and that with foreign clients by 39.1%. All the other major branches suffered drops in turnover amounting to about 20%.
For the metal producing and metal processing industry the drop amounted to 30.0 % (in Germany: -30.7 %, abroad: -28.9 %). The chemical industry generated 27.2 % less turnover as compared to January in 2008.
Comparison with December 2008
Turnover (in real terms) dropped by 6.6 % after adjustment for season and calendar in January this year (that generated in Germany -3.7 %, foreign turnover -10.0 %. Sales to the Eurozone decreased by 5.6 % and those to countries other than the Eurozone by 13.7 %.