Germany: Industrial production posts mild expansion in December
February 6, 2015
In December, industrial production grew a seasonally-adjusted 0.1% over the previous month, matching November’s result. The reading fell short of market expectations of a 0.4% increase but represented the fourth consecutive expansion. December’s print mainly reflected that increases in manufacturing, mining and energy production more than compensated for contractions in the production of capital goods and construction.
Compared to the same month of the previous year, industrial production contracted 0.7, which followed November’s 0.3% drop. As a result, the overall trend deteriorated as annual average growth in industrial production decreased from November’s 1.8% to a 10-month low of 1.5% in December.