German industrial production slump in December
FRANKFURT: German industrial production decreased in December, the economy ministry said on Tuesday as weighed down by falling activity in the energy and manufacturing sectors.
The ministry calculated that factory output — a key yardstick for gauging the health of Europe’s biggest economy — contracted by 1.2 percent in December compared with a month earlier, corrected for seasonal factors.
In November, output had declined fractionally by 0.1 percent.
Manufacturing output was down by 1.1 percent month-on-month and energy output contracted by 3.0 percent, while construction output slipped by just 0.2 percent, the ministry said.