Industrial production shrinks in December

Latest reading: Industrial production fell 1.3% on a seasonally adjusted month-on-month basis in December, following a 0.3% rise in the prior month. December's reading was the weakest since April 2025. Relative to the previous month's figures, the reading for capital goods softened in December (-1.9% on a seasonally adjusted month-on-month basis vs +2.6% in November). In contrast, readings improved for energy (-0.3% vs -2.2% in November), non-durable consumer goods (-0.3% vs -2.0% in November) and durable consumer goods (+0.2% vs -1.8% in November). Finally, the variation in intermediate goods was the same as in the prior month (-0.1% in December and November). Looking at specific countries, output declined in Germany, Italy, France and Spain, while it rose in the Netherlands. In annual terms, industrial production rose 1.2% in December, following a 2.2% increase in the prior month.

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