Germany's industrial production declined the most in nine months in December driven by the sharp fall in output of intermediate goods, data published by Destatis showed Tuesday. Industrial production slid 3.1 percent on a monthly basis, reversing the 0.4 percent rise in November. This was the biggest fall since last March, when output was down 4.2 percent and also larger than the expected 0.7 percent decline. Year-on-year, industrial output fell 3.9 percent after a 0.5 percent drop in November. In 2022 as a whole, industrial production was 0.6 percent lower than in 2021, and down 5.0 percent from the pre-crisis year of 2019.
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