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Economic Buzz: German Industrial Production Down 4.1% On Year In December 2021

7 Feb 2022 , 02:19 PM

Germanys industrial production dropped in December, data from Destatis showed on Monday. Industrial output dropped 0.3% month-on-month, in contrast to the 0.3% gain in November. This was the first fall in three months. On a yearly basis, industrial production decreased 4.1%, following a 2.2% drop in the previous month. In 2021 as a whole, production in the manufacturing sector was 3% higher than in 2020, but 5.5% lower than in the pre-crisis year of 2019.

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