Search ForexCrunch

Industrial production in Germany continued its run of declines in January, the official data showed on Monday, adding to the signs pointing to slowdown in Europe’s largest economy.

Output fell 0.8% m/m, federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects – well short of a 0.4% rebound expected and -0.4% last.

On an annualized basis, the German industrial production arrived at -3.3% versus -3.9% booked in December.