German factory output declined by 0.6% in November

Germany's industrial production decreased more than expected in November, falling for the first time for four consecutive months. Industrial production declined by 0.6% seasonally adjusted in November, reported Destatis. Analysts had expected the production to contract by 0.5%. On an annual basis, the production expanded by 3.6% in November while experts predicted 3.9% rise after a 4.2% increase in the preceding month.