Industrial Production in Germany Continues its Decline in December

Industrial production in Germany fell sharply in December, reminding the recession in the manufacturing sector is far from lagging behind It reminded that the biggest economy of Europe, which has made its drastic decline since the global financial crisis, is far from leaving the recession behind the manufacturing sector. Industrial production in Germany decreased by 3.5 percent in December. Data from Thursday showed that factory orders recorded the fastest decline in more than a decade. Industrial Production in Germany Continued its Decline in December. The figures in question reduce hopes that the German economy, which has been adversely affected by trade tension and Brexit and is facing difficulties from the automobile industry climate change, will soon rise. A separate data from Friday showed that exports counted on the spot in December, while imports fell. The euro traded at 1.0972, down 0.1 percent against the dollar at 8:13 am Frankfurt time.