Economic Buzz: German Industrial Production Declines For Fourth Straight Month In December

German industrial production fell a calendar and seasonally-adjusted 0.4 percent in December from November, when it decreased 1.3 percent, preliminary figures from the Federal Statistical Office showed on Thursday. Excluding energy and construction, production grew 0.2 percent from the previous month after a 1.5 percent slump in November. Capital goods output rose 0.9 percent, while production of intermediate goods decreased 0.4 percent and consumer goods output fell 0.5 percent. Energy production was unchanged from the previous month, while construction output shrunk 4.1 percent. On a year-on-year basis, industrial production fell 3.9 percent after a 4 percent slump in November, revised from 4.7 percent.