German Industrial Production Unexpectedly Drops in November

Industrial Production in Germany unexpectedly fell in November, the official data showed on Friday, suggesting that the recovery in the manufacturing sector is faltering. Eurozone’s economic powerhouse’s industrial output fell by 0.2% MoM, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, vs. a 1.0% rise expected and 2.4% last.

Annually, the German industrial production declined by 2.4% in November versus a 0.9% drop registered in October.