Germany: Annual Industrial Production drops 1% in December

On an annual basis German Industrial Production s.a. w.d.a. fell by 1% in December, following a 2.9% drop in November, according to data released today by Destatis.

Month-over-month Industrial Production s.a. rose by 0.3% in December, in comparison with the 0.2% drop registered in November and slightly above expectations of +0.2%.