Germany December industrial production -2.4% vs -0.6% m/m expected
Prior +1.5%; revised to +1.3%The drop in December owes much to a decline in production in the automotive industry, which was down 10.0% compared to the month before. Excluding energy and construction, the headline reading is much worse with the decline being 3.3% compared to November. As a whole last year, German industrial production is seen down 4.5% compared to 2023. Ouch. This article was written by Justin Low at www.forexlive.com.
- Prior +1.5%; revised to +1.3%
The drop in December owes much to a decline in production in the automotive industry, which was down 10.0% compared to the month before. Excluding energy and construction, the headline reading is much worse with the decline being 3.3% compared to November. As a whole last year, German industrial production is seen down 4.5% compared to 2023. Ouch.
