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- German industrial production declines 1.2% in December
German industrial production declines 1.2% in December
Destatis released its industrial production data for Germany on Tuesday. German industrial production fell 1.2% in December, missing expectations for a 0.4% gain, after a 0.1% decline in November. November's figure was revised up from a 0.3% decrease.
The output of capital goods decreased 2.6% in December, energy output declined 3.0%, and the production in the construction sector was down 0.2%, while the production of intermediate goods climbed 0.8%.
The output of consumer goods fell 1.4%.
German industrial production excluding energy and construction declined by 1.1% in December.
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