Germany Industrial Production Falls More Than Forecast

(RTTNews) – German industrial production fell more than expected in December, Destatis data showed on Wednesday.

Industrial production fell 1.6 percent for the month, more than November's revised 0.2 percent decline and what economists had forecast for a 0.4 percent decline.

Production of intermediate goods fell by 5.2 percent and that of consumer goods by 0.9 percent. At the same time, production of capital goods increased by 1.3%, the data showed.

Excluding energy and construction, industrial production fell 1.5 percent from November.

On an annual basis, the decline in industrial production eased to 3.0 percent from 4.3 percent in November.

In 2023, industrial production decreased by 1.5% compared to the previous year.

Source link

Scroll to Top