India, March 9 -- Germany's industrial production declined unexpectedly in January and factory orders reported a double-digit contraction, official data revealed Monday.
Industrial production posted a monthly fall of 0.5 percent in January, which was slower than the 1.0 percent decrease in December, Destatis reported. Output was expected to climb again by 1.0 percent.
At the same time, factory orders plunged 11.1 percent in January, reversing last month's 6.4 percent growth, Destatis said in a separate report. Economists had forecast a moderate decline of 4.2 percent.
Excluding energy and construction, industrial production fell 2.5 percent in January compared to December.
The overall decline in industrial production reflects sharp cont...