By Maria Martinez

 

German industrial production fell in January, missing forecasts for an increase, statistics office Destatis said Monday.

Total industrial output --comprising production in manufacturing, energy and construction-- fell 2.5% compared with December in calendar-adjusted terms. Economists had forecast a 0.2% increase, according to a poll by The Wall Street Journal.

Destatis upwardly revised December's industrial production on-month gain to 1.9% from an earlier 0.0%.

January's total industrial output fell 3.9% from a year earlier in calendar-adjusted terms, Destatis said.

Compared with February 2020 --the month before the first restrictions were imposed in Germany because of the coronavirus pandemic-- production in January was 4.2% lower in seasonally and calendar-adjusted terms.

Excluding energy and construction, industrial output was down 0.5% in January from December. The production of intermediate goods showed a 0.7% increase and that of consumer goods fell 3.0%. On the other hand, output of capital goods decreased 0.8%.

Outside industry, energy production was up 0.6% in January and output in construction declined 12.2% following the strong increase recorded in December.

The industrial production data followed Friday's publication of manufacturing orders data for January, which showed a 1.4% month-on-month increase on an adjusted basis.

 

Write to Maria Martinez at maria.martinez@wsj.com

 

(END) Dow Jones Newswires

March 08, 2021 02:29 ET (07:29 GMT)

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