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[ING Says Germany's Industrial Recovery Remains Out Of Reach] While The Rebound In Germany's Industrial Production In November Offered Some Relief To The Struggling Sector, It Likely Came Too Late To Prevent Stagnation In The Fourth Quarter, Said Carsten Brzeski From ING. To Avoid Another Quarterly Contraction In Industrial Output, There Would Need To Be A Modest Increase In December. However, This Seems Unlikely Given The Surge In Energy Prices During December, Which Forced Many Companies To Halt Production. Beyond The November Rebound, A Meaningful Industrial Recovery Remains Distant. Inventories Continue To Rise And Have Stayed Elevated For Over A Year, While Order Volumes Have Yet To Show Signs Of Recovery.

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