FXstreet.com (Barcelona) - Output of German industries has fallen well beyond expectations in Germany in December, and the German Economic Ministry has affirmed that industrial activity will remain low in the forthcoming months.

Industrial production has declined for the fourth month in a row in December; 4.6% below November's level, while year on year, industrial production has posted a 12% decline. December's figures surpass the already pessimistic market consensus of a 2.5% monthly decline, and a 9.6% year on year fall.

These weaker than expected figures will weigh some more upon German GDP growth, which is expected to have declined 1.8% in the fourth quarter, following two consecutive declines in the previous two quarters.