FXstreet.com (Barcelona) - Industrial production has increased in Germany somewhat below expectations in December, although it has posted the largest monthly increase of the last four months, according to data released by Destatis.
In December, industrial output grew 0.8% from November, on a sharp increase of manufacturing orders. Year on year, industrial production increased 4.1%. November's figures have been revised to a 0.3% decline on the month, from the previously estimated 0.9% fall, and a 4.2% rise year on year, it was estimated 3.5%.
Economists had expected a slightly larger increase on the month, to 1.0%, and they had forecasted a 4.2% rise on the year.
By sectors, intermediate goods production posted the largest positive contribution with a 3.2% monthly jump, to reverse a 1.4% decline in November, construction output increased 0.9% after a 0.2% fall in the previous month, consumer durable goods posted a 2.3% increase. On the negative aside, energy output declined 1.3% and capital goods output fell 2.0% from November to December.