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German Industrial Output Unexpectedly Falls Most in 8 Years

  • Output dropped 3% in December vs estimated 0.3% increase
  • Economy Ministry says orders indicate revival in coming months
Photographer: Krisztian Bocsi/Bloomberg
Updated on

German industrial production unexpectedly fell in December as the timing of Christmas holidays damped manufacturing and construction.

Output, adjusted for seasonal swings and inflation, dropped 3 percent from November, when it advanced a revised 0.5 percent, the Economy Ministry in Berlin said on Tuesday. The volatile indicator’s worst reading since early 2009 compares with a median estimate for a 0.3 percent increase in a Bloomberg survey. Production was down 0.7 percent from a year earlier.