German industrial production fell more than expected in December, driven by a plunge in output from energy-intensive sectors, the federal statistics office said on Tuesday.
In December, gas consumption in industry was down 15.4% compared to the corresponding 2018-2021 average, according to the federal network regulator.For 2022 as a whole, German industrial production was 0.6% lower in calendar-adjusted terms than in 2021 and down 5.0% from the pre-pandemic year of 2019.
According to Pantheon's estimates, German industrial production fell by 0.7% in the fourth quarter. The first quarter of 2023 will be worse, Vistesen said.rose by 3.2%, beating forecasts and posting the biggest increase in more than a year thanks to strong domestic and eurozone demand, data showed on Monday.
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