German Industrial Output Slips as Economy Wraps Bumper Year
- Production falls 0.6% in December vs. estimated 0.7% decline
- Economy Ministry sees strong momentum in coming months
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German industrial production slipped in December after strong momentum throughout the year helped Europe’s largest economy expand at the fastest pace since 2011.
Factory output declined 0.6 percent from November, when it increased a revised 3.1 percent, the Economy Ministry said on Wednesday. The reading, which is typically volatile, compares with estimates for a 0.7 percent drop in a Bloomberg survey.