German Industrial Production declines 1.6% MoM in December vs. -0.4% expected
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Germany’s industrial sector downturn stretched into December, the latest data published by Destatis showed on Wednesday.
Industrial output in the Eurozone’s top economy declined 1.6% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, as against the -0.4% expected and a 0.7% drop recorded in November.
German Industrial Production tumbled at an annual rate of 3.0% in December versus November’s -4.8% slump.
The mixed German industrial figures failed to move the needle around the Euro, as EUR/USD trades 0.10% higher on the day at 1.0765 at the press time.
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