Germany's industrial production declined unexpectedly in January and factory orders reported a double-digit contraction, official data revealed Monday.
Industrial production posted a monthly fall of 0.5 percent in January, which was slower than the 1.0 percent decrease in December, Destatis reported. Output was expected to climb again by 1.0 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.