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German car production tumbles in second half of 2018
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German production of motor vehicles and their components in the second
half of 2018 was 7.1 percent lower than in the first half, after
calendar and seasonal adjustment, the Federal Statistical Office
(Destatis) revealed on Tuesday.
Over the same period, the
manufacturing industry in Germany as a whole saw production fall by 2
percent year on year, according to the German statistical office.
Excluding
the steep decline in German car production, the overall decline in
production in the manufacturing sector was just 0.9 percent.
The
decline in Germany''s other industrial sectors, such as iron and light
metal foundries, was likely to have been indirectly influenced by
stalling motor vehicle production, according to Destatis.
Growth
in the German automotive industry in 2019 has so far been uneven. In
January, the production of motor vehicles and related components after
calendar and seasonal adjustments was 4.3 percent lower than in December
2018.
In February 2019, however, production in the German auto industry had risen by 1.9 percent when compared to the previous month.
The
automotive industry is Germany''s most important industrial sector, with
around 880,000 people employed in the industry, according to recent
figures from Destatis.
The German auto sector is also linked with
other sectors such as the manufacture of rubber and plastic products,
metal production as well as service sectors such as trade and transport.
These
linkages mean that around 1.75 million people in Germany, 4 percent of
the workforce, are directly or indirectly connected with the automotive
sector
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