• Germany industrial production unexpectedly declined in December

Market news

7 February 2019

Germany industrial production unexpectedly declined in December

According to provisional data of the Federal Statistical Office (Destatis), in December 2018, production in industry was down by 0.4% from the previous month on a price, seasonally and calendar adjusted basis. Economists had expected a 0.7% increase. The revised figure shows a decrease of 1.3% (primary -1.9%) from November 2018.

In December 2018, production in industry excluding energy and construction was up by 0.2%. Within industry, the production of capital goods increased by 0.9%.The production of intermediate goods decreased by 0.4% and the production of consumer goods showed a decrease of 0.5%. Outside industry the energy production remained at the same level of the previous month, the production in construction decreased by 4.1%.

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