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German Industrial Output Plunges in December, Exports Also Drop

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German industrial output plunged unexpectedly in December and exports and imports also fell, data showed on Tuesday, in a sign that Europe’s largest economy ended 2015 on a weak footing.

Industrial output fell by 1.2 percent on the month, the strongest decline since August 2014, data from the Economy Ministry showed. The figure fell short of the consensus forecast in a Reuters poll for a 0.4 percent increase.

“Industrial production went through a dry spell at the end of 2015,” the economy ministry said in a statement, adding, however, that a rise in industrial orders in the fourth quarter pointed to an expansion in production at the start of this year.

Reuters

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Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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