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Germany's Industrial Output Plummets 1.9%, Car Production Falls

2/7/2026

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Summary

Story summary

Destatis, the German Federal Statistical Office, reported that Germany's industrial output fell 1.9% in December, larger than the 0.3% decline expected.
The downturn was driven by an 8.9% drop in car production, reversing November's revised 0.2% growth.
Annually, industrial production declined 0.6%, underscoring the sector's fragility.
The EUR/USD pair stood at 1.1797, reflecting market reactions to the data.

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Story summary

Destatis, the German Federal Statistical Office, reported that Germany's industrial output fell 1.9% in December, larger than the 0.3% decline expected.
The downturn was driven by an 8.9% drop in car production, reversing November's revised 0.2% growth.
Annually, industrial production declined 0.6%, underscoring the sector's fragility.
The EUR/USD pair stood at 1.1797, reflecting market reactions to the data.