Economics
German Industrial Production Stagnates on Virus Restrictions
- Output unchanged in December; median estimate 0.3% gain
- Orders, sentiment mean outlook subdued, Economy Ministry says
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German industrial production failed to grow for the first time in eight months in December, adding to signs that the economy is being weakened by the second wave of the coronavirus pandemic.
Output stagnated at the end of last year as gains in manufacturing were offset by weaker construction. Economists had expected a 0.3% gain.