Germany's industrial production and factory new orders declined in January, official data revealed Monday.
Industrial production posted an unexpected monthly fall of 0.5 percent in January, following a 1.0 percent decrease in December, Destatis reported. Output was expected to climb 1.0 percent.
At the same time, factory orders plunged 11.1 percent in January, reversing last month's 6.4 percent growth. Economists had forecast a moderate decline of 4.2 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.