• German industrial production fell sharply in December

Market news

7 February 2020

German industrial production fell sharply in December

According to provisional data of the Federal Statistical Office (Destatis), in December 2019, production in industry was down by 3.5% on the previous month on a price, seasonally and calendar adjusted basis. Economists had expected a 0.2% decrease. In November 2019, the corrected figure shows an increase of 1.2% (primary +1.1%) from October 2019.

In December 2019, production in industry excluding energy and construction was down by 2.9%. Within industry, the production of capital goods decreased by 3.5% and the production of consumer goods by 2.0%. The production of intermediate goods showed a decrease by 2.6%. Outside industry, energy production was up by 2.0% in December 2019 and the production in construction decreased by 8.7%.

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