Germany's productive output falls 2.9% in Dec from Nov

07 February 2012 14:56  [Source: ICIS news]

LONDON (ICIS)--Germany’s productive output shrank 2.9% in December 2011 from November, the country’s economics ministry said on Tuesday.

December industrial production fell 2.7%, construction output fell 6.4% and the energy sector was down 2.2%, the ministry said.

November/December productive output was down by 1.0% compared with September/October, it added.

Compared with November/December 2010 output was up 2.8% in November/December 2011.

The ministry said that near-term prospects for industrial production in Europe’s largest economy remained “reserved.”

However, an increase in December's industrial orders and an improvement in economic sentiment indicators were signs that industry was about to overcome the weakness in production, it said.

Germany's industrial orders rose 1.7% in December from November, after a revised 4.9% decline in November from October.

In related news, market research group Markit said last week that Germany’s manufacturing sector rebounded in January, as indicated by an increase in Markit’s purchasing managers index.

Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog

By: Stefan Baumgarten
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