German Industrial Production Unexpectedly Declines In December

BERLIN (Alliance News) - Germany's industrial production decreased for a fourth consecutive month ...

Alliance News 7 February, 2019 | 7:32AM
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BERLIN (Alliance News) - Germany's industrial production decreased for a fourth consecutive month in December, defying expectations for an increase, preliminary figures from the Federal Statistical Office showed on Thursday.

Industrial production fell a calendar and seasonally-adjusted 0.4% from November, when it decreased 1.3%, revised from 1.9%. Economists had expected a 0.8% increase.

Excluding energy and construction, production grew 0.2% from the previous month after a 1.5% slump in November.

Capital goods output rose 0.9%, while production of intermediate goods decreased 0.4% and consumer goods output fell 0.5%.

Energy production was unchanged from the previous month, while construction output shrunk 4.1%.

On a year-on-year basis, industrial production fell 3.9% after a 4% slump in November, revised from 4.7%. Economists had expected a decrease of 3.3%. Production dropped for a second straight month after October's 0.5% increase.

Copyright RTT News/dpa-AFX

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