Germany's industrial production declined unexpectedly in December due to the sharp contraction in construction, data from Destatis revealed on Monday.
Industrial output dropped 0.3 percent month-on-month, in contrast to the revised 0.3 percent rise in November. This was the first fall in three months. Economists had forecast a monthly growth of 0.4 percent.
On a yearly basis, industrial production decreased 4.1 percent, following a 2.2 percent drop in the previous month.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.