German industrial production still struggles to gain positive momentum

From think.ing.com

German industrial production started the year on a weak footing, dropping by 0.5% month-on-month in January, from an upwardly revised -1.0% MoM in December. The January drop was mainly driven by weaker production in the metal and pharmaceuticals industries. On the year, industrial production was down by 1.2%. At the same time, new industrial orders collapsed, falling by more than 10% MoM in January. However, after two strong months driven by bulk orders, the January drop is a reversal of these bulk orders. Excluding bulk orders, industrial orders were down by 0.4% MoM. Weak start to the year for industry This ... (full story)