Industrial production in Germany fell by 0.8% in January

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In January, industrial production in Germany fell by 0.8% compared to December, when there was an increase of 0.8%. Such data was published by the Federal Statistical Office. According to economists, an increase of 0.5% was expected. At the same time, the agency reported that the January industrial output fell by 3.3% year-on-year, confirming experts' forecasts. In the manufacturing and mining industries, relative to December, there was a decline in production by 1.2%. The output of industrial goods showed a decrease of 2.5%. Production growth was recorded in the construction sector by 0.2%. The output of consumer goods grew by 1.5%, electricity production - by 3.6%.

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