Germany’s industrial production remained flat in December, data from Destatis revealed on Monday.

Industrial production was unchanged compared to previous month, following a revised 1.5 percent rise in November. Economists had forecast a 0.3 percent rise for December.

On a yearly basis, the decline industrial output eased to 1 percent from 2.5 percent a month ago.

Compared to February 2020, the month before the start of the restrictions due to the corona pandemic, production was still 3.6 percent lower in December.

In 2020 as a whole, production in the manufacturing sector was 8.5 percent lower than in the previous year, data showed.

The material has been provided by InstaForex Company – www.instaforex.com

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