Germany: Industrial production falls at fastest rate since March in December
On a seasonally-adjusted monthly basis, industrial production fell 3.1% in December (November: 0.4% s.a. mom). Output of consumer goods increased, output of capital goods was stable, and output of intermediate goods fell.
Industrial output was down 3.9% year on year in working-day adjusted terms in December (November: -0.5% yoy). Meanwhile, the trend pointed down, with annual average industrial production contracting 0.7% in November (October: -0.5%).